Insolvency and recovery
advice for limited companies

Understand company debts, creditor pressure and the options for rescue, restructuring or an orderly closure.

Assess the company as a whole

A limited company has its own assets and liabilities. Review the full position rather than dealing only with whichever creditor is applying the most pressure. Include HMRC, employees, finance providers, landlords and suppliers, as well as contingent or disputed liabilities.

Company debts & assets

Creditors & cash flow

Trading & recovery

Need to talk it through?

A first conversation is confidential, free and without obligation. We’ll help you plainly assess your next step.

◆ PRESSURE POINTS

Key considerations for limited companies

Separate company and personal exposure

Limited liability is important, but it does not settle every director concern. Personal guarantees, an overdrawn director’s loan account and the treatment of earlier transactions may require a separate review. Keep company records and personal commitments clearly identified.

Choose a route supported by the figures

A viable business may be able to negotiate repayments or consider formal restructuring. Where ongoing costs cannot be covered, liquidation may need assessment. The decision should be based on current accounts, realistic forecasts and the position of creditors, with advice before further commitments are made.

◆ RELEVANT SUPPORT

Relevant support for
limited companies

These are the routes most relevant to this situation. Each page explains the process in detail.

Company Rescue & Restructuring

If the business has a viable future, explore ways to stabilise cash flow, address arrears and keep trading.

HMRC Time to Pay

A realistic instalment proposal may help a business address overdue tax while meeting its ongoing commitments.

◆ NEXT STEPS

What happens if you get in touch

Understand your position

Discuss your financial position, current pressures and any urgent deadlines.

Review your options

Review the practical routes and the information needed to assess them.

Agree the next steps

Decide how to proceed with a clear understanding of the implications.

— CONFIDENTIAL BUSINESS ADVICE

Ready to understand
your business options?

Get clear advice when your limited companies is under pressure. Tell us what is happening and understand the practical steps available to you.

WITHOUT OBLIGATION

Let’s talk about your business.

Start a confidential enquiry with our team. You do not need to know which service you need before getting in touch.

Supporting businesses across Yorkshire

Insolvency and recovery advice for limited companies