Require Immediate Support? Free Director Helpline: 0800 644 6080

Real Business Rescue

Free Director Helpline: 0800 644 6080

Insolvency advice for company directors in financial distress



Video placeholder

Video Script

If your company is experiencing financial distress it is imperative to place the interests of your creditors first. This protects them from further financial loss and enables you to meet your legal obligations as a director.

background curve

Take Our Free 60 Second Test

Get an instant understanding of your:

  • Debt and Asset Position
  • Formal Insolvency Options
  • Next steps

Plus much more ...

Start The 60 Second Test
apps on mobile screen

This video explains why this is so important, and offers professional advice to help you take the right steps. The potential implications of trading wrongfully when insolvent are serious, and you also need to consider the possibility of personal liability as a director.

When your company enters insolvency you must stop trading straight away and seek assistance from a licensed insolvency practitioner (IP). Being insolvent does not necessarily mean the company has to close, however, and various options can remain available to you.

It is always important to be open and honest with your creditors, and particularly so if you owe money to HMRC. The tax body is typically a large creditor in company insolvencies, and has the power to close down businesses quickly if they believe payment is being deliberately withheld.

UK’s number one for director advice

We handle more corporate insolvency appointments than any other UK firm; demonstrating our commitment to helping directors and business owners in financial distress.
The team are available now -  0800 644 6080

60 Second Test Find Your Nearest Office

Taking on further debt or credit should also be avoided unless advised by a licensed IP. Even if you believe the funds will help you trade your way out of financial difficulty, you could worsen the position of creditors and face accusations of misconduct.

This video also explains the protection that is offered to directors by the limited liability structure of their business, and situations where this protection can be removed – if your actions have contributed to creditor losses, for example.

reviews io logo

Real Business Rescue are here to help

Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.

  • UK’s Largest Liquidators
  • 100+ Offices Nationwide
  • 100% Confidential Advice
  • Supported 25,000+ Directors
Meet The Team
Team Of 4

Team of Qualified Experts

Trusted team of experts on hand to assist

Meet The Team
Rbr Accreditations Blue

Looking for immediate support?

Complete the below to get in touch

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY
10,000+ Tests Completed

Free 60 Second Test

For Ltd Company Directors

Get An Instant Understanding Of Your:

  • Debt and Asset Position
  • Director and Liability Review
  • Next Steps

Plus much more ...

Real Business Rescue Recommended
  • UK's leading business funders
  • Free Brokerage Service
  • Full Market Access
  • Over 30 years' experience
  • Strong relationships with HMRC
  • Support from start to finish
  • 10,000 potential buyers
  • 12,000+ Businesses Sold
  • 60+ Years Experience
Next Steps

We provide free confidential advice with absolutely no obligation.
Our expert and non-judgemental team are ready to assist directors and stakeholders today.