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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Really happy with the friendly, helpful and free advice.

Svar fra 1st Business Rescue Ltd
Excellent service, honest and reliable. Great advice given and I can’t thank him enough!

Svar fra 1st Business Rescue Ltd
Shane's guidance in closing my company was invaluable. His expertise and empathy made the challenging process manageable. I highly recommend Shane for his exceptional expertise and unwavering support in navigating business closures.

Svar fra 1st Business Rescue Ltd
Great interaction with with Shane. Easy to talk to and gave me good advice - contrary to converting me to a customer in order to make some money from. A trustworthy consultant! Thanks Shane
I spoke with Shane seeking advice on closing my company, believing that my only option was liquidation. Seeking the background of the situation I was in, Shane provided honest and helpful information and guidance to dissolve instead. He was able to answer all of my queries and gave me confidence this was the correct route to proceed with. His advice on an alternative solution not only saved me money but also a lot of hassle. Polite, friendly and genuinely wanting to support, I cannot thank Shane enough. I highly recommend giving 1st Business Rescue a call.
Speaking to Shane today has helped me navigate my way forward. I even think I can see the light ahead. ( as long as its not a policeman's torch, lol) thanks for your advice I feel I can now move forward.
Shane was straight to the point and very honest with his advice from the start which was extremely appreciated. I would definitely recommend his services again. Thank you so much!!
I'm grateful for Shane at 1st Business Rescue's invaluable advice on my business bounce back loan. Their expertise guided me through financial challenges, ensuring optimal solutions. The personalised assistance truly made a difference, and I highly recommend their services for sound financial guidance.
Thank you so much!
Shane was great. Very help and knowledgeable and gave me the right answer for me to make an informed decision.
Absolutely great advice. Showed the best options for my situation Shane was very knowledgeable
Hands ul to this man went out of his way to help me ..and gibe me some quality information a1 will be ringing him again if ever stuck top
guy
Excellent honest service. Recommended.
Shane was my first port of call. As promised they came back to me very promptly after my initial inquiry.
The advice I received was professional, accurate and thoughtful. I would thoroughly recommend their services. 5*
Shane was incredibly helpful and offered amazing free advise on the different avenues I could approach.
Couldn't recommend a service more.
Thanks again to Shane and the 1st Business Rescue team.
Five star service from a top level advisor with no nonsense jargon. Highly recommended.
Contacted Business Rescue regarding the winding up of my company and found them incredibly clear, informative and helpful. Would have no problem in recommending them to anyone.
I recently had the pleasure of working with 1st Business Rescue, and I can confidently say that their expertise and professionalism exceeded my expectations. Facing insolvency is a daunting experience, but the team at 1st Business Rescue guided me through the process with unparalleled support and competence.
From the initial consultation to the resolution of my business's financial challenges, every step was handled with precision and care. The staff demonstrated a deep understanding of insolvency matters, providing clear and transparent explanations at every juncture. Their commitment to finding the best solution for my business was evident, and they went above and beyond to ensure a smooth and efficient process.
Communication was stellar throughout the entire engagement. I was kept well-informed about the progress of my case, and any queries I had were promptly addressed. The team's responsiveness and willingness to address concerns added an extra layer of assurance during a challenging time.
What sets 1st Business Rescue apart is their genuine commitment to client success. They not only resolved the immediate financial issues but also offered valuable advice and strategies for long-term stability. Their holistic approach to business rescue goes beyond the numbers, reflecting a true dedication to the well-being of their clients.
I wholeheartedly recommend 1st Business Rescue to anyone navigating the complexities of insolvency. Their professionalism, expertise, and client-centric approach make them a standout choice in the field. Trustworthy, reliable, and results-driven, 1st Business Rescue truly lives up to its name, providing a lifeline for businesses in distress.
Really nice guy very honest really worth the call thank you very much
I had the best support at the correct time for me.
Thanks!
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