Business insolvency advice in Aberdeen
When contract income arrives after the bills
A company can have valuable contracts and still run short of cash before wages and tax fall due. For an Aberdeen director, the first useful exercise is to separate signed work from work still being negotiated. Treat customer retention, disputed invoices and unapproved variations cautiously when estimating receipts.
Compare the cost of completing each outstanding contract with the cash it will release. If further trading needs more credit, take advice before committing to it. Scottish insolvency procedures require the correct jurisdictional review; the trading address alone is not enough.
Speak to an adviser
Quote Aberdeen and tell us your postcode so we can discuss suitable arrangements.
If a notice has a deadline, give us the date and the type of notice at the start of your enquiry.
Support across Aberdeen and the surrounding area
We support company directors in Aberdeen, Aberdeen City, including businesses in the AB10 postcode district. You can also contact us from Dyce, Westhill, Portlethen, Bridge of Don. Give us your full trading postcode and company details so the discussion starts with the right business and location.
Initial support is available by telephone and online enquiry. The locations listed describe our service coverage; they are not advertised walk-in offices. Any proposed meeting needs to be arranged in advance.
Contract delays and committed costs
An Aberdeen contractor may have engineers and equipment committed before a customer approves the next invoice. Separate confirmed work from expected renewals, then compare the next payroll and equipment payments with receipts that have a dependable date. A rescue proposal needs that timing gap explained.
Separate company rescue from personal debt advice in Aberdeen
A director in Dyce or Bridge of Don may face two connected problems: a company that cannot fund its next contract and a guarantee signed personally. Prepare separate company and personal liability schedules. A Scottish company procedure does not automatically resolve a director’s own debts.
For the company, compare the funding needed to complete work with the outcome of reducing activity or closing. Our business rescue guide explains the starting questions; CVL guidance covers an insolvent closure route. Confirm the company’s jurisdiction and the proposed practitioner’s authorisation before agreeing a formal appointment. Any disputed guarantee or court proceedings may also require a solicitor.
For issues involving energy and utilities, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in Aberdeen faces the same problem.
Our guidance draws on experience in business debt and insolvency matters since 2000. We use that experience to explain the available options and the information needed to assess them.
Questions from Aberdeen business owners
Should an expected contract renewal go into the forecast?
Show it separately from confirmed income. A rescue proposal that only works if an unsigned renewal happens needs a fallback, with the timing and cost of that fallback made explicit.
Do you help businesses in AB10 and around Aberdeen?
Yes. Our enquiry service covers Aberdeen and nearby areas including Dyce, Westhill, Portlethen. AB10 is one example postcode district, rather than a boundary for advice. Tell us your full postcode and where the company is registered when you contact us.
Can an expected contract renewal support a repayment proposal?
Identify what is signed, what remains conditional and what costs must be committed before payment. Keep an alternative forecast without the renewal. The proposal should explain the funding gap and the consequences if the work does not proceed.
What should I have ready when discussing my Aberdeen company?
Prepare a summary of creditors, cash available, unpaid customer invoices and the next essential payments. Include tax arrears, finance agreements and any personal guarantees. Mention legal notices and their deadlines at the start; you do not need a finished recovery plan to make an initial enquiry.
Does company liquidation deal with a director’s personal debts?
No. Debts owed personally and liabilities under guarantees need separate assessment. Give the adviser copies of the signed agreements and any demands, rather than assuming the company procedure will release you.
Do I need Scottish advice if the company trades around Aberdeen?
Confirm where the company is registered as well as where it trades. Scottish procedural requirements may apply, and personal insolvency has different rules from company insolvency. Ask which jurisdiction the proposed advice and appointment cover.
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