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.
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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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Mr Shane was a gentleman with his advice and assessment of my situation as a director. HONEST, Clear and Genuine.
Best place to take advice for your company when stuck with debt thanks Shane for all of your help.
Very helpful and friendly not wanting to get you off the
Phone quick. Seem to understand my situation.
It's been a worrying time for us with the state of our company finance. However, speaking to Shane at Business First, really put our minds to rest and helped us move forward. He's very knowledgeable, non-judgemental and most supportive.

Svar fra 1st Business Rescue Ltd
Shane gave so much advice. He needs to be contacted. Knows everything you need to know when you maybe in the dark

Svar fra 1st Business Rescue Ltd
Excellent quick honest advice - non judgemental and friendly

Svar fra 1st Business Rescue Ltd
Shane’s honesty and integrity coupled with his knowledge is a rare find. I approached first business rescue because I was concerned about the implication of a director’s loan. He responded on time, was direct and very helpful. He didn’t charge me a penny and if he had asked me to pay I would have gladly done so as it would have been money well spent. Thank you Shane. I totally recommend first business rescue and I will be turning to them for all future business needs where relevant.

Svar fra 1st Business Rescue Ltd
1st Business Rescue were very helpful, we had our free consultation call and advice was second to none, I can't recommend them enough. Thank you Shane.

Svar fra 1st Business Rescue Ltd
Shane verren was absolutely brilliant. Thanks 1st business rescue Ltd.

Svar fra 1st Business Rescue Ltd
Was able to speak to Shane, Insolvency Consultant, straight away who provided some sound advice and guidance. Great service.

Svar fra 1st Business Rescue Ltd
Spoke to 1st Business Rescue today. Incredibly knowledgeable, and actually gave to the time of day to listen then offer relevant advice. Could not recommend more

Svar fra 1st Business Rescue Ltd
Spoke to a really great agent, very genuine and compassionate would definitely reccomend.

Svar fra 1st Business Rescue Ltd
Shane gave me succinct advice which has put my mind at rest and potentially saved me a lot of money. Thanks Shane!

Svar fra 1st Business Rescue Ltd
1st Business Rescue was Amazing with the debt advise I needed for my company. No judgement or made to feel worse. Really great attitude and wanted to help. Multiple options given and great advise. very fast response to my online referral and continued support Highly recommend for any company struggling at this current time.

Svar fra 1st Business Rescue Ltd
Shane was a lovely person very prefosinal and helpful definitely recommend these guys to anyone

Svar fra 1st Business Rescue Ltd
Justin and Shane provided an excellent impartial service at a time when I really need the support. They listen with no judgement to situations I was facing and then provided clear, impartial and practical guidance on a few options as well as introducing me to partners which they work with, to assist me further.
Thank you guys, most of all the fact you were willing to listen and give me free advise without making me feel like I was taking up your time and bother you is something I can't thank you enough for.
Highly recommend!!

Svar fra 1st Business Rescue Ltd
Shane was friendly and professional. I wouldn't hesitate to recommend the company to anyone in financial trouble.

Svar fra 1st Business Rescue Ltd
More than helpful! Gave me the perfect advice and helped rescue me from a serious business issue. Thank you very much!!!

Svar fra 1st Business Rescue Ltd
I filled out a form online and got a callback within 10 minutes from Shane. Had some solid advice on what to do in relation to my company and its specific needs which I have followed. Thanks Shane its much appreciated.

Svar fra 1st Business Rescue Ltd
Super supportive team that gave me excellent advice based on the HMRC repayment issues I was having.
Highly recommend :0

Svar fra 1st Business Rescue Ltd
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