Is your company struggling with money problems?

In a broader context, the primary responsibility of an Insolvency Practitioner lies in safeguarding the collective interests of creditors, encompassing both individuals and businesses, as well as HM Revenue & Customs, who are owed financial obligations. In contrast, our paramount duty is exclusively centred on safeguarding the interests of our clients.

We are often asked this question whilst we provide solutions and explain what mistakes were made and what opportunities were lost.

The reason is simple – you never asked. However, in all fairness you employed your accountants to provide advice and guidance and perhaps they could have been more proactive.

If you have a Director's Loan Account, it's essential to take proactive steps to manage it effectively. One highly recommended action is to schedule a confidential meeting with our financial experts. Please bring a copy of your DLA statements for the past three years prior to this meeting.

We understand the significance of comprehensive insight into your financial transactions, as a thorough analysis is vital for making informed decisions. It's not uncommon for us to discover significant errors in DLAs that may have adverse consequences for you.

By discussing your DLA in detail with our experienced team, you'll gain valuable insights into its current state, potential areas of improvement, and strategies for optimising your financial situation. Our goal is to assist you in rectifying any errors.

As a Shareholder or Investor - Loss of Investment

As an Employee - Job Loss

As a Creditor - Little to Zero Repayment

As a Supplier or Customer - Impact on Business Relationships

As a Director or Officer - Director Responsibilities

Credit Rating and Future Business - Negative Credit Rating Impact

Personal Finances - Personal Guarantees

Investigations – All Insolvent Liquidations do involve investigations into the conduct of directors and officers. Legal actions may be taken if any wrongful or fraudulent activity is discovered.

We take pride in our transparent fee structure, ensuring no hidden costs. When you engage with us, we're committed to establishing a straightforward fee arrangement that aligns with your budget. After seeking services elsewhere, we frequently encounter clients who return to us, expressing frustration over initially undisclosed expenses that exceeded their financial capabilities.

If you are looking at our website, chances are you have creditors. If you have creditors, you cannot dissolve the company. If you were to just dissolve the company, there is a high probability that the company would be reopened (restored to the Register). As a director, you could face further investigations into your conduct and be personally liable for all of the company's debts, legal fees, insolvency fees and interest.

However, if you are 100% certain you do not have creditors and have taken professional advice – go for it!

Email a copy to info@insolvencyexpert.com and call us on 01256 765 310. Treat this as a top priority. Time is of the essence.

We are always happy to discuss this.

We do not deal with consumer debt; therefore, there is no regulatory authority.

England, Wales, and Glasgow

A substantial portion of the cases we handle encompass personal guarantees in some capacity.

Invoice Financing can be a convenient funding source if your business relies on cash flow. However, it's crucial to remember that timely payment of customer invoices is key to this option.

In most cases, directors are expected to give personal guarantees, which are easy to provide but have potential risks, such as the risk of losing your home. If you're struggling to make repayments to your lender, please contact us for professional advice and assistance.