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RBR Video - Owing the bank money

Licensed UK Insolvency Practitioners FREE Meeting for Company Directors

We can help with serious company debts, HMRC and creditor pressure, VAT/PAYE/Tax arrears, cash flow problems and raising finance.

Cash flow and creditor pressures can emerge as causes for concern at any business and at any time. If your company is feeling the squeeze then you are far from being alone and there are options available to overcome any problems you’re experiencing. Click the video below to find out more about the key issues and options available when your company is being pursued by creditors and is struggling to keep up with debt repayments. 

 

Video Transcription 

When lending money to a company (or indeed a limited liability partnership), lenders such as banks and other financiers will want to ensure that their interests are protected as securely as possible. Debenture is a common method of obtaining security, under which a lender is typically granted both fixed and floating charges over all of a company's assets and undertakings.

With a combination of fixed and floating charges, a debenture is intended to meet the need of a company for increased working capital by allowing additional borrowing to be secured on the circulating assets of a trading business. Debenture is widely accepted as a necessity for many corporate lending arrangements, in particular where there is not enough security over property alone for the lender to feel comfortable.

A key distinction between a fixed and floating charge is that a lender has control of the assets subject to a fixed charge, whereas the borrower retains control over those assets subject to a floating charge and is able to deal with such assets in the ordinary course of its business.

If you have bank debts that you cannot afford to repay or you’ve defaulted on a repayment schedule, you should speak to an insolvency practitioner as soon as possible. We offer all directors a no-obligation consultation with a licensed insolvency practitioner at one of our regional offices. 

When lending money to a company (or indeed a limited liability partnership), lenders such as banks and other financiers will want to ensure that their interests are protected as securely as possible. Debenture is a common method of obtaining security, under which a lender is typically granted both fixed and floating charges over all of a company's assets and undertakings.

With a combination of fixed and floating charges, a debenture is intended to meet the need of a company for increased working capital by allowing additional borrowing to be secured on the circulating assets of a trading business. Debenture is widely accepted as a necessity for many corporate lending arrangements, in particular where there is not enough security over property alone for the lender to feel comfortable.

A key distinction between a fixed and floating charge is that a lender has control of the assets subject to a fixed charge, whereas the borrower retains control over those assets subject to a floating charge and is able to deal with such assets in the ordinary course of its business.

If you have bank debts that you cannot afford to repay or you’ve defaulted on a repayment schedule, you should speak to an insolvency practitioner as soon as possible. We offer all directors a no-obligation consultation with a licensed insolvency practitioner at one of our regional offices. 

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