Company in debt? Why you should talk to 1st Business Rescue today
Director-focused advice and solutions
We’ve helped 1000’s of directors
100’s of reviews with 5/5 rating - best in UK
No obligation conversion - nothing to lose
Absolutely 100% confidential
What is the role of an Insolvency Practitioner?
We’re here to help you, the Director.
At 1st Business Rescue we have over 50 years of experience providing insolvency, liquidation and company debt advice to business owners.
We understand how challenging it can be when dealing with financial difficulties within your business. It’s easy to ignore the problem and hope that it disappears, but this is often the worst thing you can do.
Our dedicated team is here to provide honest, valuable advice to help UK company directors.
No case or circumstance is the same, but I can guarantee that my team and I are here to give you the best advice.
We are one of the only 5-star business insolvency companies on Trustpilot and Google, with 100’s of 5-star reviews.
Contact our friendly team for a 100% confidential, no-obligation consultation today.
Free Guide: Directors guide to liquidation the correct way
If you are a director and considering closing your company by liquidation or insolvency, you must read our free guide to discovering how to do it the right way. Simply click the button below and enter your details below to receive this free guide now:
Facing insolvency? Explore your options for rescue or recovery
There is no “one size fits all” solution for insolvency. We assess your specific situation—from HMRC arrears and winding-up threats to Bounce Back Loan repayments—to find the right route forward.
Options may include a Time to Pay arrangement to stabilise cash flow, an Informal Restructure to negotiate with creditors, or a Company Voluntary Arrangement (CVA) to allow the business to keep trading while repaying debt over time.
If the business has value but needs legal protection from creditors, Administration may be the safest path.
Voluntary vs Compulsory insolvency - why timing is everything
Waiting for a creditor to issue a winding-up petition often leads to Compulsory Liquidation, resulting in court escalation, sudden bank account freezes, and a total loss of control.
By acting early and choosing a Company Voluntary Liquidation (CVL), you demonstrate responsible director behaviour. This proactive approach allows you to plan communications with staff and suppliers, manage your director duties effectively, and significantly reduce the risk of personal liability for “wrongful trading” or “preferences.”
Our focus is on you, the director - not your creditors.
We completely understand the emotional anguish company directors like you face when considering the future of your company – and the knock-on impact this can have on your personal life.
Our expert team will outline all of your options in a jargon-free, easy-to-understand way and advise you and your business on the best route forward – with the goal of protecting you and your personal assets.
Contact us for a confidential, no-obligation conversation.
Insolvency - Frequently Asked Questions
Yes. You can speak openly about your company’s position, including HMRC debts, creditor threats, and director loan accounts. Our goal is to help you understand your safest next move without judgment.
Absolutely. HMRC pressure is one of the most common reasons directors contact us. We have extensive experience in negotiating with HMRC and can help you implement a formal or informal plan to stop enforcement action.
No. A standard liquidation or rescue process does not make you personally liable. Risk usually only arises if you have signed Personal Guarantees (PGs) or if there is evidence of misconduct, such as paying some creditors ahead of others. We help you identify and manage these risks from day one.
We follow a fast, three-step process:
1. Confidential Assessment: We identify your main creditors and immediate threats.
2. Clear Recommendation: We explain which options (Rescue or Closure) are realistic.
3. Action Plan: We provide a step-by-step roadmap to resolve the situation.
In many cases, yes. This depends on the complexity of your creditor pressure and the company’s asset position. We will explain the most realistic and safe options for your specific circumstances during our initial assessment.
If you are facing an immediate threat like a bailiff visit or a winding-up petition, we can often take action within 24–48 hours once we have gathered the necessary information.