Confidential guidance for company directors. Practical support when your business needs it.
WORRIED ABOUT HMRC OR CREDITOR PRESSURE?
BUSINESS INSOLVENCY & COMPANY RESCUE
The path forward when your
company cannot pay its debts
Confidential guidance on liquidation, business rescue and HMRC arrears.
Understand your options and take the next step with confidence.
Understand your options and take the next step with confidence.
✓ Confidential first conversation ✓ Clear options explained ✓ Support for UK directors
YOUR FIRST CONVERSATION
An honest assessment of your options.
Tell us what is happening. We will help you understand what to consider next.
Where would you start?
One of these routes may fit your situation. You do not need to know all the answers.
Rescue my business
The business has a future, but cash flow, tax arrears or creditor pressure are getting in the way.
Close my company
The company cannot pay its debts and you need to understand a responsible way forward.
Help with HMRC debt
Arrears are mounting up. There may be options to manage payments and respond to pressure.
Insolvency services, explained
plainly
Clear explanations to help you understand the routes available.
Company Liquidation
Understand the process of closing a company and dealing with its outstanding liabilities.
Creditors’ Voluntary Liquidation
Explore a director-led liquidation where an insolvent company cannot continue.
Business Rescue
Assess whether a viable business can recover through a practical restructuring plan.
Company Administration
Understand how an administrator takes control and assesses the available outcomes.
Company Voluntary Arrangement
Explore whether a formal proposal to creditors could help a viable company continue.
HMRC Debt Help
Get support with VAT, PAYE and Corporation Tax arrears and HMRC correspondence.
HMRC Time to Pay
Review affordability and prepare a repayment proposal for HMRC to consider.
Winding-Up Petition
A petition requires urgent attention. Understand the position and the action to consider.
Liquidation Costs
Understand the factors that affect fees and how the process may be funded.
A practical conversation about your company and the choices ahead.
Illustrative image.
Advice built around your exposure,
not a product
Financial pressure affects more than the balance sheet. We start by understanding your company, the immediate risks and what matters to you.
Guidance grounded in the essentials
Look at debts, assets, cash flow and creditor action before choosing a route.
Every realistic option, no one-size-fits-all
Consider rescue, repayment or closure in the context of your circumstances.
Confidential by default
Discuss the position privately and take time to understand the next step.
Directors’ personal exposure considered
Review guarantees, director’s loans and responsibilities alongside the company’s position.
What happens after you contact us
A straightforward conversation, followed by clear next steps.
01
A confidential first conversation
Tell us what has happened and what is worrying you most.
02
A clear review of your position
We consider the company’s debts, assets, trading position and any urgent deadlines.
03
Your options, explained in plain English
Understand the potential routes, the information needed and the questions to ask.
04
A route forward, at your pace
Agree the next step. Where formal insolvency is needed, a licensed insolvency practitioner must act.
Questions directors ask
first
Straight answers to common concerns. Your circumstances will determine the right approach.
We treat your enquiry confidentially and use the details you provide to respond to your request. An initial conversation does not commit you to an insolvency procedure or a paid service.
Company debts are normally separate from your own. Personal guarantees, an overdrawn director’s loan account and certain conduct can create personal exposure. Your position needs an individual review.
Liquidation closes a company and deals with its assets and liabilities. Administration places the company under an insolvency practitioner’s control to pursue a statutory objective, which may include rescue or a better outcome for creditors.
The cost depends on the company’s assets, creditors, records and the work required. Ask for a written explanation of fees, expenses and how they will be funded before making a decision.
Company insolvency does not automatically lead to disqualification. Your conduct may be reviewed, and unfit conduct can lead to action. You must co-operate with the appointed insolvency practitioner.
HMRC may agree a Time to Pay arrangement where the proposal is affordable. You must also be able to meet new tax liabilities. Approval and repayment length depend on your circumstances; neither is guaranteed.
Areas we advise
Support for company directors across the UK, including Chesterfield and the surrounding regions.
Telephone and online consultations.
Chesterfield
Business advice
Sheffield
Business advice
Nottingham
Business advice
Derby
Business advice
Mansfield
Business advice
Manchester
Business advice
Birmingham
Business advice
Leeds
Business advice
Leicester
Business advice
Insolvency guidance
Useful starting points when you are weighing up your next move.
What happens to directors when a company is liquidated?
Directors must co-operate with the liquidator. Personal guarantees and director’s loan accounts may need separate attention.
Can a company keep trading while insolvent?
Seek advice promptly. Decisions must take account of creditors’ interests and must not worsen their position.
How does HMRC Time to Pay work?
A payment arrangement must be affordable while allowing the company to meet its new tax liabilities.
Request a confidential
consultation
Tell us briefly what has happened and we will contact you to discuss the next step.
CALL DAVID POLLARD
An initial, no-obligation conversation.
If a deadline is approaching
If you have received a statutory demand, winding-up petition or urgent HMRC correspondence, please mention the deadline when you contact us.
Advice depends on your individual circumstances. Formal insolvency appointments must be handled by a licensed insolvency practitioner.
We use the details you submit to respond to your enquiry. Please only provide information necessary for an initial conversation.
Business Insolvency
HELPLINE
Confidential guidance for UK company directors facing financial pressure.
© 2026 Business Insolvency Helpline. All rights reserved.
General information, not a substitute for advice on your circumstances. Photographs are illustrative.