Business insolvency advice in Glasgow
Review the whole creditor position before agreeing terms
A Glasgow director dealing with several creditors needs a combined affordability assessment. Gather tax balances, supplier statements, loan commitments and legal correspondence in one place. A series of individually plausible payment promises may exceed the company's available cash.
Any proposed rescue should be tested against current trading and the costs of remaining open. Where formal insolvency is considered, the applicable Scottish process and professional appointment need to be established. Do not assume a general online timetable applies to the company's particular circumstances.
Speak to an adviser
Quote Glasgow 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 Glasgow and the surrounding area
We support company directors in Glasgow, Glasgow City, including businesses in the G1 postcode district. You can also contact us from Rutherglen, Bishopbriggs, Bearsden, Giffnock. 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.
Costs that continue after a contract ends
A Glasgow construction company may lose a contract while retaining staff, plant hire and supplier balances. Review the remaining commitments and realistic replacement work before agreeing repayments. Confirm the Scottish procedural position and distinguish company liabilities from any separate personal guarantees.
The problem and possible next steps
Customers paying late: separate realistic collections from disputed or uncertain invoices. Check whether earlier billing, collection work or cost reductions would leave enough cash for current bills and arrears.
A viable business with historic debt: discuss rescue options using an achievable forecast. Any formal creditor arrangement needs specialist assessment and the required approvals; closure options should also be considered if repayment is not sustainable.
For companies registered in Scotland, the relevant Scottish procedure must be checked before formal action. A trading postcode alone does not determine jurisdiction.
For issues involving construction, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in Glasgow faces the same problem.
Questions from Glasgow business owners
Can several informal arrangements run alongside each other?
They may, but the company must be able to meet the total commitment and ongoing bills. Review the combined payment schedule and what happens if a creditor will not agree.
Do you help businesses in G1 and around Glasgow?
Yes. Our enquiry service covers Glasgow and nearby areas including Rutherglen, Bishopbriggs, Bearsden. G1 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.
What if customers are withholding payment for completed work?
Separate agreed invoices from retentions, variations and disputed work. Record the likely collection date and cost of finishing each contract. That gives an adviser a clearer basis for assessing whether the business can trade through its cash shortage.
What should I have ready when discussing my Glasgow 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.
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