Business insolvency advice in Medway
Treat several trading locations as one connected cash plan
A Medway company operating across Rochester, Chatham or Gillingham may move stock, people and money between sites. Review each site's contribution, then account for the costs shared across the business. Closing one location will not necessarily remove its full apparent overhead.
Identify leases, employment commitments and stock ownership before considering consolidation. A restructuring proposal should show how the remaining operation would function and what the change costs. If no viable configuration remains, assess closure with the full creditor position visible.
Speak to an adviser
Quote Medway 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 Medway and the surrounding area
We support company directors in Medway, Kent, including businesses in the ME4 postcode district. You can also contact us from Rochester, Chatham, Gillingham, Strood, Rainham. 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.
Different sites with different cash demands
A business operating across Rochester, Chatham and Gillingham may have site-level costs hidden within one set of accounts. Compare each location’s receipts and overheads. Establish which activities contribute cash before discussing consolidation, creditor arrangements or the closure of the company.
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 issues involving manufacturing, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in Medway faces the same problem.
Questions from Medway business owners
Can we judge each site only by its sales?
Sales need to be compared with direct costs and a realistic share of shared expenses. Also consider whether one site performs work or holds stock needed by another.
Do you help businesses in ME4 and around Medway?
Yes. Our enquiry service covers Medway and nearby areas including Rochester, Chatham, Gillingham. ME4 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 financed machinery be sold to raise money?
Check ownership, finance terms and any security before arranging a sale. Equipment shown in the accounts may belong to a finance provider. An adviser needs the agreements and realistic asset values when comparing continued production with a possible closure.
What should I have ready when discussing my Medway 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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