Facing mounting company debt can feel overwhelming. You're not alone—and you have options. Expert guidance to help you make the right decision for your business, employees, and personal financial future.
Safeguard personal finances
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When your company faces debt, you essentially have two paths: rescue the business or close it down through liquidation. Each has different implications for you, your employees, and your creditors.
Save your company, protect jobs, and maintain trading relationships through restructuring and professional support.
Negotiate repayment terms with creditors while continuing to trade
Reorganize debts and operations for long-term viability
Secure new funding to pay off urgent debts
Negotiate extended payment terms with HMRC and creditors
Close the company in a controlled, legal manner while protecting directors from personal liability where possible.
Director-initiated closure when company is insolvent
Tax-efficient closure for solvent companies
Save the viable parts of your business through a new company
Court-ordered closure (avoid if possible through early action)
There's no one-size-fits-all answer. The best option depends on your company's viability, debt level, cash flow, director guarantees, and future prospects. Our free assessment helps you understand which path makes sense for your specific circumstances.
Answer a few quick questions to get personalized guidance on whether business rescue or liquidation makes more sense for your situation.
Your answers are completely confidential and help us provide better guidance
Prefer to speak directly? Call us now on 01484 861406
If your business has a viable future, these options can help you restructure debt, protect assets, and get back on track.
A CVA allows you to negotiate reduced debt payments with creditors while continuing to trade. 75% of creditors must agree to the proposal.
Comprehensive review and reorganization of your business finances, operations, and debt structure without formal insolvency.
Negotiate extended payment plans with HMRC for overdue tax debts. Often combined with other rescue strategies.
Secure new finance to pay off urgent debts, giving your business breathing room and better payment terms.
The sooner you seek help, the more options you have
Core business model must be sound and profitable
Good relationships and reasonable proposals help
Professional support increases success rates dramatically
Sometimes closing the company is the most responsible decision. Doing it properly protects you from personal liability and gives you a fresh start.
The most common form of liquidation for insolvent companies. Directors voluntarily close the company with a licensed insolvency practitioner.
Save the viable parts of your business by selling assets to a new company (often director-owned) while leaving debts behind. Known as "phoenix" process.
Tax-efficient way to close a solvent company and distribute assets to shareholders. Only for companies that CAN pay their debts.
Court-ordered liquidation usually initiated by creditors through a winding up petition. This is what you want to AVOID through early action.
Important: If you've received a winding up petition, act immediately. You may have as little as 7 days to respond.
Compare these key factors to understand which path makes most sense for your situation. For a deeper dive into each option, read our comprehensive guides on Company Voluntary Arrangements and dealing with company debts.
"Liquidation means I can never run a business again"
Most directors can start a new business immediately after liquidation, unless disqualified for misconduct.
"I'm personally liable for all company debts"
You're only liable for debts you've personally guaranteed or if you've acted improperly (wrongful trading).
"Business rescue always works if you try hard enough"
Some businesses genuinely cannot be saved. Knowing when to let go is also a sign of good leadership.
"Liquidation is only for failed businesses"
MVL is used by successful businesses closing down. Sometimes liquidation is a strategic choice, not a failure.
Our process ensures you make an informed decision with complete understanding of your options
Confidential discussion about your situation, debts, and concerns. No judgment, just facts.
We review your financials, viability, and realistic options based on hard data.
Plain English explanation of each option with pros, cons, costs, and likely outcomes.
Armed with knowledge, you make the choice. We then execute your decision professionally.
We don't push you toward liquidation or rescue. We help you find the right solution for YOUR situation.
We prioritize protecting you from personal liability while solving business problems.
Crisis situations don't wait. Neither do we. Emergency support when you need it most.
We understand the stress and emotional toll. You'll be treated with respect and dignity.
Clear fee structures with no hidden costs. You'll know exactly what to expect.
Making the right decision requires expert guidance. Our team specializes in helping directors protect their personal assets while finding the best solution for their business. Learn more about director protection strategies and understanding your true liability risks.
Common questions about choosing between rescue and liquidation
Still have questions? Check out our comprehensive FAQ page or explore our expert articles and guides for more detailed information about business rescue and insolvency options.
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