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Insolvency
Are you facing Bankruptcy or Liquidation?
Many businesses experience cash flow difficulties. This can result from rising costs, customers defaulting upon payment and large tax demands. If your bank refuses to extend credit facilities, or a creditor seeks to close your business through insolvency proceedings, you risk losing your entire business.
Sole Trader & Partnerships
If you operate as a sole trader or in partnership (a firm), insolvency can result in a Creditors Bankruptcy Petition. The creditor will normally serve a Statutory Demand for payment giving you 21 days to find full payment. If this cannot be paid, you risk being made bankrupt.
Limited Company
Creditors can issue a 'Winding Up' petition to try and force payment. Your bank account will be frozen pending a court hearing. Unless the debt and costs are paid in full, a winding up order is made resulting in the liquidation of company assets.
Sale & Leaseback
To avoid bankruptcy or liquidation we can step in and buy your commercial premises and lease them back. In addition to providing funds to clear any debts, the equity released can provide a cash injection for you to invest. We can act quickly and halt any pending insolvency proceedings. Find out more information here.
Residential Sale and Leaseback
As an alternative to selling your commercial premises, you could look at selling your residential premises with the option of renting back. The released funds can be used to invest into your business. For more details visit our residential division
Option to Buy Back
With either a commercial or residential sale, we can provide you with an option to buy back the premises at an agreed price. This gives you flexibility and the option to regain ownership in the future should you wish.