Business insolvency advice in Stevenage
Check project milestones against committed expenditure
A Stevenage company delivering specialist work may receive payment only after defined milestones are accepted. Map those milestones against wages, materials and subcontractor bills. Include the possibility that approval takes longer or additional work is required.
If the business is already in arrears, a rescue plan needs to show how the gap will be funded without worsening the creditor position. Where completion cannot be financed, discuss formal options before agreeing new commitments. Keep contract changes and approval correspondence available.
Speak to an adviser
Quote Stevenage 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 Stevenage and the surrounding area
We support company directors in Stevenage, Hertfordshire, including businesses in the SG1 postcode district. You can also contact us from Hitchin, Letchworth Garden City, Knebworth, Welwyn. 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.
Long lead times before an order pays
A Stevenage supplier may commit to specialist parts and labour before customer approval is secured. Review deposits, acceptance conditions and the cost of completing each order. A realistic delay allowance helps establish whether the company can trade through the gap or requires a wider restructuring review.
The problem and possible next steps
Tax arrears: if VAT, PAYE or Corporation Tax is overdue, review whether the business could afford a payment proposal alongside new bills. HMRC Time to Pay requires HMRC’s agreement; it is not an automatic write-off.
Debts that trading cannot repay: compare business rescue with an orderly closure. A licensed insolvency practitioner must handle any formal appointment, and the appropriate route depends on the full financial position.
For issues involving manufacturing, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in Stevenage faces the same problem.
Questions from Stevenage business owners
Can we invoice early to solve the cash shortfall?
Check the contractual right to invoice and the customer's payment obligation. An invoice raised before a milestone is met may not produce an enforceable or timely receipt.
Do you help businesses in SG1 and around Stevenage?
Yes. Our enquiry service covers Stevenage and nearby areas including Hitchin, Letchworth Garden City, Knebworth. SG1 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 Stevenage 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.
Explore your options
Company rescue and liquidation services · HMRC arrears support · Director responsibilities
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Other East of England coverage guides: Watford · Welwyn Garden City · Basildon. Browse all areas.