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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Chris at 1st business rescue is like a breath of fresh air....when you're drowning! I got in what felt like a impossible unmanageable situation due to COVID etc. I accrued nearly £40k personal debt, and a large sum owed to HMRC and an overdrawn directors loan account. Chris has been an absolute godsend for my mental state. I was really panicking and stressed and felt under so much pressure. Chris has given me the best advice of all the people I've spoken to about this. He has been totally understanding of my position and made some brilliant suggestions. All this and it hasn't even cost me a penny. He's given so much free advice that has helped in such a big way. Thank you Chris, your guidance has been priceless. If your worried about debt/liquidation etc. Please speak to Chris!!
Great support from Chris and Shane at 1st Business Rescue. They both supported me in resolving my situation. Highly recommended 1st Business Rescue for an honest professional service. I can now sleep at night knowing the problems i had are resolved.
Great advice, really helped me out. Very kind and unjudgmental. Shane has made my life so much easier.
Shane was very helpful and knowledgeable, great guy to deal with, Thanks Shane for your assistance, much appreciated
Shane was very informative and really helped to solve all my issues and give me piece of mind! Well worth it!
Thanks Shane
Shane was extremely helpful and gave me advice on all the options available to me. I would recommend to anyone that needs help.
Shane was amazing and told me what I needed to do. He was also very straight to the point and offered to help me further if I came across any difficulties while doing what he already instructed I do.
Amazingly helpful individual! Chris from 1st Business Rescue Ltd took care of the case as his own. The intentions he has is to help people. What a pleasant experience. True Giver. He advised me for a period of around 4-5months and led me “by hand” to where was the best solution!
Rating: ⭐⭐⭐⭐⭐
I recently had the privilege of seeking financial advice from 1st Business Rescue Ltd, and I must say, my experience was nothing short of exceptional. At the heart of this remarkable experience was Shane, a financial advisor who not only possesses immense knowledge but also has an incredible talent for making complex financial matters clear and accessible.
From the very start, Shane's approach to providing financial advice was nothing short of impressive. He was not only professional but also genuinely passionate about helping me navigate the intricacies of my financial situation. Shane's knowledge seemed boundless, and his dedication to simplifying complex concepts was truly remarkable.
One of the things that stood out the most about Shane was his ability to demystify financial jargon. He didn't just throw around industry terms; he took the time to explain each concept in detail, ensuring I understood every aspect of his advice. Shane's patience and willingness to answer my questions, no matter how basic or intricate, made me feel comfortable and confident in the decisions I needed to make.
What sets 1st Business Rescue Ltd apart is their commitment to providing tailored, personalized guidance. Shane took the time to understand my unique financial situation, and his advice was customized to my specific needs. It was evident that he genuinely cared about helping me make informed decisions to secure my financial future.
Thanks to Shane's guidance, I now have a much clearer understanding of my financial landscape, and I am equipped with a strategic plan to move forward. His expertise has not only given me peace of mind but has also opened up new opportunities for financial growth and stability.
In conclusion, I cannot recommend 1st Business Rescue and Shane's financial advice highly enough. If you are seeking financial guidance that is not only clear and knowledgeable but also personalized to your unique situation, look no further. Shane's exceptional expertise and dedication to simplifying financial matters have left an indelible mark on me, and I will certainly be recommending them to as many people as possible.
Thank you, Shane, and thank you, 1st Business Rescue, for providing a service that truly makes a positive difference in people's lives. Your commitment to financial clarity and excellence is commendable, and I am grateful to have had the opportunity to benefit from your expertise.
Shane have prompt, professional and pragmatic advice at a time we needed it most. All delivered and explained in a dignified way. Thank yiu Shane for the fantastic service.
Great Service delivery. Shane was spot on with solutions to the problem posed. Thanks Shane, you're a great guy.
Shane gave clear, concise advice in a timely manner and was very friendly and reassuring. David Plant, Accredited Solutions Ltd
Spoke to shane as i was unsure of what steps to take next.
Shane was honest and gave me great advice.
Thankyou so much
Shane clearly understood the companies needs
and was able to explain the options in plain English
with out getting all financial about it.
Chris gives straightforward advice without a 'sales pitch'. Lots to consider and probably more questions but his advice was reassuring and has given us confidence in moving forward.
I called these guys when I didn't really know who to turn to. Business was in trouble, not enough cash to go round and getting tighter.
As soon as I spoke to Chris, I felt a million times better.
He had time for me, genuinely seemed to care, and gave me a lot of really useful advice about the best next steps to take for me and my business.
Highly recommended.
Sometimes when someone says they want to act in your best interest it can seems like sale patter. I'm a little cyncial and at first felt like I was being sold to. By the end of the call I had a solution that I would never have come to. A massive weight has been lifted off my back!!! I will rest a little bit easier now there is a plan in place and massive thanks to Shane for being so helpful. It's good to know there are businesses out there that want to help you with the best solution even if they don't make a ton of money out of it!
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