Relief - Rescue - Continuation
Administration
Our insolvency specialists will be appointed as part of the process to assist you, and they will take control of the company whilst it remains in administration.
If your company is being threatened and is vulnerable to creditors, and you fear that you could possibly be taken to court and lose power of the business then carry on reading to out about how an administration order could protect your business from closing down.
When should a company enter administration?
Before you enter administration, there is a few things you may want to check to see if the business is appropriate to enter into administration.
Creditors Voluntary Liquidation (CVL)
A Creditors Voluntary Liquidation is a formal insolvency procedure which brings about the end of an insolvent company.
If you believe your company is insolvent or will become insolvent, steps must be taken to milgate the impact this will have on your outstanding creditors.
How can a Creditors Voluntary Liquidation help?
A CVL helps bring the company to a close and deals with all outstanding company debts as part of the process. Where a company enters CVL there is likely to be a significant shortfall to creditors however this will be written off upon the company being liquidated.
A CVL helps bring the company to a close and deals with all outstanding company debts as part of the process. Where a company enters CVL there is likely to be a significant shortfall to creditors however this will be written off upon the company being liquidated.
How do I put my company into a Creditors Voluntary Liquidation?
A CVL can only be entered into under the guidance of a licensed Insolvency Practitioner. The Insolvency Practitioner will be able to give you the practical advice you need when you are dealing with s distressed company and you will be highly encouraged to speak to one at the earliest sign of insolvency. They are able to discuss the various options available to and your business.
A CVL can only be entered into under the guidance of a licensed Insolvency Practitioner. The Insolvency Practitioner will be able to give you the practical advice you need when you are dealing with s distressed company and you will be highly encouraged to speak to one at the earliest sign of insolvency. They are able to discuss the various options available to and your business.
At Help My Business Ltd, we provide expert help and advice if your company is struggling with unmanageable debts, squeezed cash flow, or an uncertain future, you are far from alone.
Corporate Restructuring
Asset finance:
Is a funding option which sees the loans being secured against an asset owned by the borrower. As this is a type of secured those offered on unsecured loans.
Is a funding option which sees the loans being secured against an asset owned by the borrower. As this is a type of secured those offered on unsecured loans.
How asset finance can help your business?
We can help you to buy the assets you need or release cash from assets you own – such as machinery, vehicles and land – allowing you to keep more cash for your day-to-day business needs.
We can help you to buy the assets you need or release cash from assets you own – such as machinery, vehicles and land – allowing you to keep more cash for your day-to-day business needs.
Business Loan
A business loan is gathering source of finance for the purpose of the business which may be used to grow the business.
A business loan is gathering source of finance for the purpose of the business which may be used to grow the business.
How a business loan can help your company?
A business loan is not dissimilar to a personal loan you may take out as an individual. In both cases you will be given a lump sum of cash by your chosen bank/lender, and you then will need to make a series of payment, plus any added interest, to repay the full amount back.
A business loan is not dissimilar to a personal loan you may take out as an individual. In both cases you will be given a lump sum of cash by your chosen bank/lender, and you then will need to make a series of payment, plus any added interest, to repay the full amount back.
Bridging Loan
Bridging loans are a type of short-term property backed finance, typically used to support a business with their need for temporary funds. The aim is to ‘bridge’ the gap between a debt falling due, and the main line of credit becoming available.
What types of bridging loans are there?
Asset leasing
The lender establishes how much equity remains in the asset and offers a percentage of this figure as a lump sum.
Is asset leasing a good option for your business?
Asset leasing may be a good option if your business has a lot of assets but not a lot of cash. This leverages the value of your balance sheet assets in this way releases valuable working capital and can help you grow your business sustainably.
Hire Purchase
Hire purchase is a method of funding key pieces of equipment for your business. You pay in instalments rather then buying it all straight away.
How does hire purchase work?
Typically, you put down a deposit of 10% and pay the total amount of VAT Upfront. Once the contract is agreed with the lender, there will be a pre-agreed installment plan with fixed terms.
Invoice Finance
Invoice finance Is a special type of commercial funding which involves accessing the money tied up in unpaid invoices. There are two main types of invoice finance
Invoice Factoring
when a factoring company pays the business the majority of the invoice up front and the balance when the invoice is paid by the customer.
Invoice Discounting
Invoice discounting allows you to finance your sales ledger on an ongoing basis and release funds against unpaid invoices.
How can an invoice finance facility help your business?
It can boost cash for your business by releasing up to 90% of an invoice’s value typically within 24 hours, rather than waiting for standard payment terms such as 30,60 or even 90 days.
