Business insolvency advice in Teesside
Review the business across its operating locations
Teesside is an area rather than a single town, so a company enquiry should identify where staff, assets and contracts are based. A business operating across Middlesbrough and Stockton-on-Tees may have shared resources that need to be assessed together.
Review the contribution of each operation alongside finance, premises and supplier commitments. If part of the business is to close, calculate how that affects the remaining work. A restructuring proposal should be based on a viable whole, while liquidation planning needs an accurate account of assets and obligations at every site.
Speak to an adviser
Quote Teesside 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 Teesside and the surrounding area
We support company directors in Teesside, Tees Valley, including businesses in the TS1 postcode district. You can also contact us from Middlesbrough, Stockton-on-Tees, Redcar, Thornaby, Billingham. 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.
Industrial work with large upfront commitments
A Teesside engineering company may need significant materials and labour before an invoice can be issued. Review each contract’s cost to complete and the certainty of payment. The assessment should cover the relevant operating sites across the area, not just the registered-office address.
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 Teesside faces the same problem.
Questions from Teesside business owners
Does each trading site need a separate insolvency process?
That depends on the legal entities involved, not simply the number of premises. Identify which company owns or operates each site and holds the associated contracts.
Do you help businesses in TS1 and around Teesside?
Yes. Our enquiry service covers Teesside and nearby areas including Middlesbrough, Stockton-on-Tees, Redcar. TS1 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 Teesside 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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