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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Shane was really easy to talk to and before calling 1st Business Rescue I was confused on the position I was in with my business but after a quick call all my issues were discussed and I know what steps I need to take to get back on track.
I highly recommend their services.
I had a free consultation with Chris Worden, who was of great help! Very honest, knowledgeable, competent and friendly. Would highly recommend.
First class advice without luring someone to pay money before service. Great service
Really helpful and a very nice guy thank you
Chris is a top man - he provided us with sound advice full well knowing the best outcome would not get him any business but did his best to make sure our decision to safeguard the future of our business and livelihood. Thanks Chris!
When we had problems due to COVID-19, we sought advice from Chris. His help and advice is second to none. He is clear, concise and helps you understand everything in a simplified manner. Nothing is too much trouble and he helps every step of the way. Everything he did for my business will never be forgotten. Thank you so much. Would highly recommend the service.
I had the pleasure of speaking with Chris for the second time today during a consultation call. It's evident that he is deeply knowledgeable and invested in providing genuinely helpful advice that is tailored to the client's best interests, rather than focusing solely on financial gain. His insights are well-informed and I have found our discussions to be incredibly valuable. I wholeheartedly recommend Chris to anyone seeking reliable expertise in his field, and I will certainly be referring him to others who could benefit from his assistance.
had the privilege of working with Chris during a challenging time for my business, and I can confidently say that he is an exceptional professional with a heart of gold. His expertise in insolvencies is truly impressive; his in-depth knowledge guided me through the complexities of the process with clarity and confidence.
What sets Chris apart is not only his extensive knowledge but also his genuine dedication to helping business owners. He took the time to understand the unique intricacies of my situation and provided tailored solutions that aligned perfectly with my needs. Chris's ability to empathize and communicate effectively made the entire experience far less daunting than I had anticipated.
Throughout our interactions, it was evident that Chris genuinely cares about the well-being of his clients. He went above and beyond to ensure that I felt supported and understood every step of the way. His approachability, patience, and willingness to answer all my questions put me at ease, and I always felt like I was in capable hands.
Chris's professionalism is matched only by his warmth and authenticity. He creates an environment of trust that is rare to find in the realm of insolvencies. His ability to combine expert knowledge with a personable demeanor is truly commendable, and it made a world of difference in my journey to navigate the complexities of my business's financial challenges.
I am immensely grateful for Chris's guidance, support, and expertise. He not only helped me overcome a difficult period in my business but also empowered me with insights that will undoubtedly shape my future decisions. If you're seeking a knowledgeable, compassionate, and dedicated professional to guide you through insolvencies, Chris is the person you can rely on wholeheartedly.
Thank you very much Shane You are very helpfull and gave me good advice you are are great person i highly recomend anyone to seek advice from you and the way you explain is easy to understand
thank you again
Tony Dias
Brilliant, knowledgeable and caring set of people. Have been very very helpful and reasonably priced.
Wish I had heard of them a year earlier.
I definitely recommend
Shane gave me great advice! He was reassuring and professional.
Very professional and helpful. Thank you Shannon for your advice. Highly recommended
Best advice and professionally delivered. Shane came accross like someone who knows his stuff and will go a long way to understand the issue and offer business tailored advice. Must recommend
Spoke to Shane Verran, really nice and helpful. Free advice and they're not after your money, they will advice on what's best for your situation. Would definitely recommend
Shane spent alot of time on the phone to me,
I had several questions and concerns which he politely answered and told me the legal avenues related to it.
After getting the relevant information from me, He laid out my options & provided me timeframes for whichever option i selected.
Great chap, knows what he is doing and different from other business rescue services out there.
Will be using Shane for our business and would advise others the same.
I called contacted this company and got put through to Shane.
Very professional, very knowledgeable, excellent customer service, provided the right information to help my business.
This is the best service and advice I have received.
Shane talked me through a few options regarding the debt on my business. The advice I received was extremely useful Thank you very much
Shane quickly established my special concerns over closing down a company with a BB Loan and moderate overdraft. Very helpful advice and much appreciated.
I cannot speak highly enough of Chris and his team.
From the very first phone call he made the worst
experience of our lives seem a little less daunting.
There was never any pressure to commit to 1st Rescue at all. Advised us to spend time deciding which way we should go, and after 30 years it was the hardest decision we have ever had to make.
Chris has been with us every step of the way, nothing has been too much trouble and always returns our calls promptly if unavailable at the time and keeping us updated at every stage.
We never thought we would be in this position at our age, but I cannot thank 1st Rescue enough for helping us.
If I can offer any advise, please do not hesitate to call Chris and his team.
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