Shane gave me some top-class free advice regarding handling my business debt. He is very supportive, friendly and kind. Thank you so much.
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Shane gave me some top-class free advice regarding handling my business debt. He is very supportive, friendly and kind. Thank you so much.
Selskapet har svart
Genuinely, I only have good things to say about my experience dealing with 1st Business Rescue, namely Justin and Shane. Like most people, it can feel quite daunting having to pick up the phone to... Vis mer
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Justin and the team went above and beyond in my opinion for what was a very worrying and really stressful time for me. He held my hand through it all as I was mentally in a mess. Every step of the li... Vis mer
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Can honestly say, hand-on heart, Shane Verran is an absolute star. Incredibly helpful, kind, compassionate, and knowledgable. Above all he listens. Unlike others, he doesn't spout ou... Vis mer
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Skrevet av virksomheten
1st Business Rescue provides UK company directors with confidential advice on business debt, insolvency, company rescue and company closure. We help directors understand their options when a limited company is struggling financially, including liquidation, Company Voluntary Arrangements (CVAs), pre-pack administration, HMRC debt arrangements and solvent company closure.
We support directors throughout the UK, with advice available by phone, video call and face-to-face appointment.
Business debt, insolvency and company closure advice
Our team helps directors understand the financial and personal implications of company debt before deciding what to do next.
Our areas of advice include:
Liquidation and company closure
Closing a limited company with debts
Creditors' Voluntary Liquidation (CVL)
Members' Voluntary Liquidation (MVL) and solvent company closure
Company Voluntary Arrangements (CVA)
Pre-pack administration and pre-pack liquidation
Business rescue and restructuring options
HMRC arrears and Time to Pay arrangements
VAT, PAYE and Corporation Tax debt
Directors' loan accounts and overdrawn directors' loan accounts
Bounce Back Loan and CBILS issues
IR35-related company closure
Director redundancy considerations
Winding-up petitions and compulsory liquidation
General company debt and insolvency advice
Where a formal insolvency procedure is required, we can help directors understand the process and work with licensed insolvency practitioners to identify an appropriate route forward.
Our initial consultation is confidential and focused on understanding the position of both the company and its director before discussing the available options.
Frequently Asked Questions
What should I do if my limited company cannot pay its debts?
Seek advice as early as possible. Options can include an HMRC Time to Pay arrangement, a CVA, restructuring, administration or liquidation depending on the company's circumstances.
Can I close a limited company that has debts?
Yes. An insolvent company may be closed using a formal procedure such as a Creditors' Voluntary Liquidation (CVL). The appropriate route depends on the company's financial position.
Can you help with HMRC, VAT or Corporation Tax arrears?
Yes. We advise directors dealing with HMRC arrears including VAT, PAYE and Corporation Tax and can explain options including Time to Pay arrangements and insolvency procedures.
What happens to a Bounce Back Loan if my company is liquidated?
Bounce Back Loans and other company liabilities need to be considered as part of the company's overall insolvency position. We can review the circumstances and explain how they may be treated during liquidation.
What happens if I have an overdrawn director's loan account?
An overdrawn director's loan account can become important during insolvency because money owed by a director to the company may need to be repaid. We recommend reviewing the account before appointing an insolvency practitioner.
For confidential company debt, liquidation and insolvency advice, call 0800 084 3077 or visit 1stbusinessrescue.co.uk.
Lowry House, Marble St, M2 3AW, Manchester, Storbritannia
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Thanks to Shane and the team at 1st Business Rescue, I now have a clear roadmap to navigate the challenges and revive my business. Their personalized approach and unwavering commitment have undoubtedly exceeded my expectations.
Honest and straightforward, I do recommend this brilliant team anytime
Sean gives Setford honest advice. Which is a red thing these days. He’s not just looking to make money out of the customer. Plus he was quick in his response. I would not hesitate to recommend this company.
My head was spinning with all the differing advice I've received. Chris put my mind at rest and provided a clear course of action in one short call.
Chris is an absolute gentleman. Friendly, knowledgeable, down-to-earth and clearly in this to help people through the challenges they face in business.
I spoke with Shane, he was very helpful and answered all my questions concerning my queries. I believe he had my best interest at heart and found the best option suitable for me. Would recommend anyone to deal direct.
Made a nice change not to be made to feel uncomfortable talking about a subject that is difficult and be given options that were relevant to my circumstances. Shane was clear concise and projected empathy at the same time as getting the facts across. Thank you for a good service.
Came across Chris from his Insta reels, love his honest, direct and no BS approach. I made a call to the business and got to speak directly with Chris, who gave me great reassurance, advice and help. Highly recommended.
Had a breif conversation with Chris today. The advice he gave me in that short meeting was incredible. He's helped me moving forward and I'll be recommending him to anyone in a similar position to myself.
Shane was friendly, professional and understanding of my situation. His advice was clear and candid, and he was very thorough in his assessment and responses.
Very happy to recommend.
Shane ws very helpful and patience. I was very much grateful for his advice. I will recommend him any time.
Chris was very responsive and helpful with practical advise
Chris is an amazing, open and honest solicitor that is worth your time. He is willing to take time to speak and get to know your issue and then offer the best next steps to get you in the right direction. I am very much grateful for his advise and would fully recommend him to anyone who is seeking help. Thanks Chris !
Was really helpful, didn’t try and get money out of the situation. Was more interested in actually helping me with my business.
I had a call with Shane as I wanted to clarify a few things regarding my Limited company. He was very knowledgable and after discussing the problem with him he found a way around my issue. Shortly after I received an email with step by step instructions on what do to do next and to give him a call back if I had any further questions. Our chat left me relieved and with a positive mindset. I would recommend contacting him if you are seeking some professional guidance regarding any issues you may have about you business or company.
What an amazing company, they literally turned my life around. I cannot recommend them highly enough
Good honest advice and gave an alternative for closing the business that I wasn’t aware of. Highly recommend talking to these guys.
Amazing support from the Team at 1st Business Rescue!
Apart from absolutely superb technical advice and professionalism from Chris et al, to have someone non-judgemental and independent to talk and be listen to about my situation was and still is invaluable.
Thanks for making this as painless as possible!
I contacted 1st Business Rescue for information regarding voluntary liquidation. They could not have been more helpful with their time and advice,.
I felt I was talking to some one who really cared and under standing of the pressures possible clients experienced.
I googled for help to dissolve my old my limited compony and the link I randomly selected got me to 1st Business rescue and requested a call back as I did not have the information to solve my issue online.
I then received a call immediately from someone called shane Verran and after greeting each other, his friendly and calm approach has put my concerns at ease and he was able to give me valuable advice/steps that I can follow myself to strike off the company without incurring unnecessary extra charges and offered their services going forward.
I really recommend talking to 1st Business Rescue if you are stuck or in need of support concerning limited company for best result.
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