Do you need Advice, or want to close your business?

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To help us provide a quote, we ask for a few estimates on your current company finances.

Don’t panic if you don’t have the numbers to hand; just give us your best estimates and our
team of financial experts will be able to help you gather the exact figures in due course.

Number of Creditors?


20


Amounts Owed?
Estimate how much you owe these 20 creditors.


£500K



£500K



£500K



£500K


People that are owed money

Creditors is another term for the people and organisations you currently owe money to.

These creditors may range from loan companies, to suppliers, to HMRC.

Knowing the number and type of creditors currently owed to allows us to assess an order of priority for dealing with all of your outstanding debts.

Bank overdraft / loans

We’re aware that companies in financial trouble may have one of several overdrafts and/or outstanding loan
agreements they are currently in debt on.

Just give us your best estimate of the sum total of the figures that are currently outstanding specifically in
these two areas.

HMRC (PAYE, VAT, Corporation TAX, CIS)

Many companies find that HMRC are one of the creditors they owe the most to, between factors such as their PAYE, Corporation Tax and VAT bills at certain times of the year.

If you can, try to add up all you outstanding HMRC payments and give us a general estimate.

Other individuals/companies

Whether you owe money to one individual or 100 companies, each of them can be classed as a creditor, so the outstanding debt needs to be taken into account.

These debts can include freelance employees with unpaid invoices, stock suppliers who haven’t been paid for items, or agencies who have outstanding bills for services rendered.

Value of company assets

Now for the good news! We always look to cover the costs of a Liquidation - and any repayments to creditors - by using company assets.

Assets could include property, stock, vehicles, equipment and outstanding invoices. We can provide a full valuation of each area, but for now, just select a rough estimate.

How to reduce the risk of Liquidation?

Latest News

One of the questions The Insolvency Experts are asked the most is ‘How can I reduce the risk of Liquidation? With over 3,500 UK businesses entering Liquidation in the third quarter of 2016, an increase of 2.2% on the previous quarter, it is easy to see why many business owners and financial directors are concerned.

How to avoid company Liquidation

There are several challenges that business owners face when trying to be successful and avoid financial difficulty. Cash flow is important for businesses of all sizes and even when it appears as though things are going well, cash flow problems can lead to company liquidation. Business cash flow issues can be avoided by invoicing promptly and negotiating regular, stable payments from long-term clients. Knowing when money will arrive can help you to keep on top of your finances and ensure all bills are paid. Recover debts owed to you and don’t let unpaid bills linger. Building a strong relationship with creditors can reduce the risk of proceedings against you, should your business face financial problems. Keeping them informed at all times and building a good record of prompt payment can also help. Reducing overheads and cutting unnecessary expenditure are simple tasks that can help keep your business afloat during difficult periods. You should always seek professional and expert financial advice if you think your business may be facing financial issues. The Insolvency Experts provide business debt advice to organisations of all sizes, helping them to take the best course of action. Our professionals can help your business to deal with cash flow issues or the threat of Administration or Liquidation.

Contact The Insolvency Experts!

If you represent a business that is concerned about Liquidation or you’d like more information on Insolvency, please get in touch with The Insolvency Experts today. Contact us online and we’ll be happy to discuss any issues your business is facing or call our expert team directly on 0300 303 8284.

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At the Insolvency Experts we think that our service offers excellent value for money. Depending on your circumstances, our services can even end up being effectively free of charge.


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