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Director Liability for Company Debts

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Can Directors Be Held Liable For Company Debts in a Limited Company?
When a limited company is insolvent, the business is bankrupt and therefore unable to repay debt due to a shortage of cash.
When setting up your business you have two main ways in which you can choose to operate; you can take on work as a sole trader, or alternatively you can incorporate as a private limited company. Both structures have their own pros and cons, however, the main benefit of operating as a limited company is that your business will be seen as its own separate legal entity, something which can be vital should the company run into financial difficulties further down the line.

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About us

Leading specialists in providing expert advice on company debts, insolvency issues and corporate turnaround, Real Business Rescue have enough knowledge and experience to provide high-end consultancy services for businesses and organisations throughout the UK.

Based primarily in Manchester, we as a company are proud to be the UK's number one provider of director advice for companies in distress. We have helped numerous clients over the years come up with the best solution for their businesses that have multiple benefits.

Over the years, we at Real Business Rescue help those who are facing financial difficulties, which is very common across a broad range of industries. We have worked with multiple sectors including restaurants, hotels, haulage companies, gyms, events companies, care homes, bars and nightclubs, pubs, construction, recruitment, retail, theatre and cinema, automotive, IT, nursery, self-employed companies, manufacturing, professional services, sports clubs, transport, education and many more.

Here at Real Business Rescue, we offer an extensive range of professional services, some of which include;

Covid-19 Business Distress - Covid-19 Business Advice Centre, Bounceback Loans & Liability, Staff Payment & Furlough Concerns, Bailiffs and Debt Collection, Is My Company Now Insolvent?, Advice for Sectors.

Creditor & HMRC Pressure - Company HMRC Arrears, Winding Up Petitions, Can't Pay Commercial Lease, Can't Pay Corporation Tax, Can't Pay the VAT, Need Time to Pay from HMRC.

Cash Flow Problems - Overdrawn Director's Loan Account, Director Liability for Company Debts, Emergency Business Finance, Can't Afford to Pay Staff, Can't Afford to Repay Business Loan, Company Affected by Bad Debts.

Liquidation Solutions - Online Liquidation Assessment, Creditors' Voluntary Liquidation, Members' Voluntary Liquidation, Compulsory Liquidation, Director Redundancy Payments, COVID-19 Support Guide.

Liquidation Advice - Order of Creditors in Liquidation, Going into Liquidation, What Happens to Employees?, Liquidation vs Administration, Liquidation Process & Procedure, What is a Winding Up Order.

Company Closure - Closing a Company with Debts, Dissolving a Company, Liquidation & Personal Guarantees, Checklist for Company Closure, Liquidation Director Dispute, Winding Up Petitions.

Rescue Solutions - Company Administration, Pre Pack Administration, Company Voluntary Arrangement (CVA), Company Finance Lenders, Time to Pay Arrangements, Receivership.

Company Finance Solutions - Invoice Discounting, Attaining Company Finance, CBILS Loans, Bounce Back Loans, Debentures & Floating Charges.

Rescue Advice - Fast Track CVA, CVA vs Admin, Going into Administration, Pre-pack Administration Procedure, Can My Company be Rescued?

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Articles/Press Releases

12/07/2024 - UK General Election 2024: What Labour’s win means for individuals and business owners
A new Labour prime minister has been voted in after two months of intense campaigning, amid a dire cost of living crisis, record-high interest rates and years of economic austerity. We touch upon policies the Labour Party are expected to implement which could impact individuals, limited company directors and business owners.
09/02/2023 - Yesterday we launched our Business Distress Index for Q4 2022 – analysing company distress figures across the UK.
31/05/2022 - Amazon UK blackout could earn independent shops over £10 million in just one hour
In just one day, UK bookshops could be £244 million better off if Amazon had a blackout
25/08/2021 - Lockdown-easing helps SMEs recover despite rising insolvencies
04/05/2021 - Twelve months into pandemic, number of smes in financial distress continues to climb
12/02/2021 - Coronavirus crisis holds 620,000 SMES in distress endangering 2.8 million jobs

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Latest Reviews

Real Business Rescue

Really helped me for quick legal advice in a stressful situation where I needed advice QUICK. Called me back within 30 seconds and gave me the advice I needed. Thank you.

By Anonymous . - 12 December 2023

Real Business Rescue

Professional, courteous ,speedy and efficient service received from Richard and Kelvin I believe was his name. Thank you so much!

By Sammy . - 06 December 2022

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