Insolvency and recovery
advice for business owners

Compare the practical options for the business while recognising the different roles of shareholders, directors and guarantors.

Start with what needs to be protected

Owners may be concerned about investment, employees, customer relationships and their own income. Identify those priorities, but assess them alongside what the company can afford and the interests of creditors. Shareholder value alone cannot determine decisions when insolvency is a concern.

Business viability

Funding commitments

Future options

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 business owners

Avoid decisions based on sunk costs

Money and time already invested can make closure difficult to consider. A realistic forecast helps distinguish a business with a recoverable shortfall from one that needs continuing support with no clear return to sustainable trading.

Plan the next step with the right people

Make sure the directors, accountant and relevant advisers work from consistent figures. Clarify any personal guarantees, shareholder loans and asset ownership. Rescue, a sale, restructuring or closure each has different implications, and none should be chosen solely because it appears the quickest or cheapest.

◆ RELEVANT SUPPORT

Relevant support for
business owners

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 business owners 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 business owners