For immediate help & free advice, please phone: 0113 250 3111.
Coronavirus (COVID-19) has forced strict social distancing measures on Britain, and consequently, many a business are experiencing hardships; whether they operate as a sole trader or through a limited company. While the Government is putting together assistance schemes and packages to help struggling companies and sole traders, if you’re insolvent, or your business is getting into trouble, you should seek help immediately.
Debt Advisory Services offers free advice and a range of insolvency procedures tailored to suit your needs. We work with limited companies and individuals looking for assistance in business recovery, turnaround and closure. Our staff have a plethora of experience in a variety of backgrounds, and we have developed a strong working relationship with HM Revenue & Customs.
Help for companies
Regardless of whether your company was struggling before the arrival of COVID-19, or the difficulties brought on by the coronavirus have caused new problems for the business’ cash flow, we can help. We can offer a range of procedures to help your business recover; which may involve repaying your creditors in affordable monthly instalments or restructuring the company with the help of a third party. If need be, we can also assist with closing a limited company, and allowing you to make a new start.
Help for sole traders
The coronavirus outbreak will undoubtedly be a scary time for those who are self-employed. Without the support of a limited company, many could feel like they’ve been left to fend for themselves.
While support for sole traders is being actioned, and mortgage and rent holidays mean certain financial pressures should be eased, you may still find yourself falling into debt as a result of the lack of work, and bankruptcy could feel inevitable. Fortunately, we can offer an alternative to bankruptcy, for both sole trader and personal debt.
If you’re worried about personal debt due to the coronavirus, we may be able to help; speak to us today, and one of our advisors can help put you on the right path towards relieving your personal debts.
In summary
Whether your business operates through a limited company or as a self-employed sole trader, the recent coronavirus outbreak has created an air of uncertainty, and if you find yourself struggling to cover your liabilities, you should speak to us for immediate help. We have a wealth of experience in assisting with company recovery and closures so you can be sure of a professional approach best suited for your circumstances.
Speak to us today to start the ball rolling and get things back on track.