Catching Your Debt Problem Before It Gets Out of Control

You are making life more difficult for yourself than you need to - if you are not taking advice on dealing with your debt early enough.

It is a sad fact that when a business starts getting into a debt problem, the Directors have a habit of ignoring the problem - hoping everything will get better - putting off the inevitable you might say. All you need is a few more orders, and you will be in the money again, up to date with everything.

It's an easy trap to fall into; we've probably all done it at one point in time or another.
Yet, with a little professional advice, you can make a huge difference the future of your business.
By taking advice it doesn't have to mean that you are closing the doors on your business or pursuing any form of debt management solution. We can also offer advice on what you can do to keep creditors at bay, and what your legal position is.

Just because you take advice from a doctor, it doesn't make you terminally ill.
Indeed, Insolvency Practitioners are the best people to speak to when you have even a small debt problem, so you can ensure you never need a formal Insolvency procedure.

Much like doctors, we've seen all the ills and ailments a business can have. We have seen what leads a business to ruin, and usually, what can save it.
If you do wait, like most of the people that call us have left things too late, there will be little that can be done. This also has the downside that the costs for dealing with your Insolvency would be a lot more than they would have been if only you had called at an earlier stage.

Why do people avoid taking advice?
They usually feel that if they speak to us, then that's it over and done with, they have defeat (otherwise, why are they talking to an Insolvency Practitioner) and they have no alternative.
OK, let's have a look at what we normally discuss when you call us:
The history of your business

How much money you owe

How much money you are owed

What has caused your problems

Where you want to go next


On this basis we will then give you what your options are.
Despite what you may have heard, we won't just come in and take over the business, just because you have a few debt problems (having a bit of a sniffle in medical terms).
By getting the advice early, you can avoid Insolvency altogether. Even if your company is Insolvent and we need to put something into place, you will save yourself money when you catch it early on.