The Horizon Group Business Debt Advice
If as a company you owe money or you are owed money we can help.
We can talk to your creditors on your behalf and we can arrange CVAs, IVAs etc
We can help with turning your company around or closing it
We can also help with Director redundancy.
Business debt is when money which is owed, cannot be paid. A good signal that the business is experiencing debt issues is when the business (or company) lacks a steady stream of cash flow.
In limited companies, the debt belongs to the company and not the individual, due to the protection provided by ‘limited liability’. Whereas, if you are a sole trader, limited liability is not applicable, so any debts accrued as a sole trader are personal.
A company that is in ‘debt’ sounds negative but do not worry - borrowing money is essential in any economy for businesses to thrive. Debt is needed as it may be part of a structured growth plan i.e. borrowing some capital to purchase new machinery. This is acceptable as the debt the company gets into to purchase the new machine, is likely to be returned, once the machine is up and running and generating cash.
We can help You
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