Insolvency and recovery
advice for company directors

Get a clearer view of your responsibilities and the decisions that need attention when a company is under financial pressure.

Know when the position has changed

Warning signs include repeated missed payments, rising tax arrears, suppliers withdrawing credit and reliance on new borrowing to meet old commitments. Record when these issues emerged and what action the board has considered.

Director duties

Personal guarantees

Creditor interests

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 company directors

Protect the information needed for decisions

Maintain accounts, preserve bank records and keep minutes of significant decisions. Directors need an accurate view of assets, creditors and cash flow. If insolvency is a concern, take advice before paying connected parties, transferring assets or accepting money for work the company may be unable to fulfil.

Address personal concerns separately

A director’s loan account, personal guarantee or concern about past conduct needs individual attention. Do not assume that company closure automatically ends every obligation. We help organise the issues so the right professional advice can be sought and the business options can be assessed.

◆ RELEVANT SUPPORT

Relevant support for
company directors

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 company directors 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 company directors