Business Debt Solutions
Anderson Brookes Insolvency Practitioners help directors close limited companies with debt quickly, legally and with expert guidance every step of the way.
Contact us today
Business Debt - UK Businesses
If your company is in financial trouble, you’re not alone. Thousands of UK directors each year face mounting debt, cashflow issues, and pressure from HMRC or suppliers. At Anderson Brookes, we offer practical, regulated debt solutions tailored to your business circumstances, including fast access to voluntary liquidation, rescue options, or closure with protection from personal risk.
We provide free, confidential advice from licensed insolvency practitioners, not unregulated advisers or call centres. Whether you need to close your business or you’re looking to turn it around, we’ll guide you step by step.
Can I Just Walk Away from Business Debts?
No. If your business is insolvent, you have legal responsibilities as a director. Ignoring creditor letters, trading while insolvent, or attempting to strike off a company with debt can make things worse – including personal liability or being disqualified.
That’s why regulated advice matters. Our team will explain your options clearly and legally, giving you a route that protects both your business and your reputation.
How Anderson Brookes Can Help You Today
Our licensed insolvency practitioners speak to business owners every day who feel trapped, anxious, or overwhelmed. You may be worried about personal liability, staff, suppliers, or how to protect yourself from worsening the situation.
Here’s how we help:
Free, same-day advice calls with a licensed IP
Clear guidance on your legal duties and risks as a director
Fast company closure within as little as 8 working days
Affordable monthly payment plans to cover liquidation costs
Direct access to your case manager from start to finish
We won’t push you down a route that isn’t right. If your business can recover, we’ll help make that happen. If liquidation is the best option, we’ll make it stress-free and fully compliant.
What Are My Options for Dealing With Business Debt?
Every situation is different, but these are the most common business debt solutions we help directors with:
| Solution | When It’s Used | Outcome |
|---|---|---|
| Creditors’ Voluntary Liquidation (CVL) | Business can’t pay its debts | Company closed, debts written off, director protected |
| Time to Pay (HMRC) | Debts to HMRC only | Repay tax over 6-12 months without legal action |
| Company Administration | Larger businesses with assets and staff | Business restructured or sold while protected from creditors |
| Strike Off | No debts, no assets | Company removed from Companies House |
| Business Restructuring | Viable business with short-term cashflow issues | Plan to repay and stabilise |
| Bounce Back Loan Liquidation | Government loan unpaid and business is closing | Formal closure via CVL, personal guarantees not enforced |
We’ll help you understand if your company is technically insolvent, and which of the above routes offers the safest and quickest path forward.
Testimonials
Our clients praise our professionalism, reliability, and the exceptional support we provide during challenging times, helping thousands of company directors through insolvency, liquidation, and business debt solutions.
Can you liquidate your limited company?
Why Directors Choose Anderson Brookes
With more than 25 years’ experience and thousands of directors helped, we’re trusted by business owners across the UK. You can speak directly with an expert insolvency practitioner and we’ll help you understand your options clearly and quickly. We specialise in working with small and medium businesses and we understand your perspective and priorities.
Ready to
Move On?
If you’re ready to close your company, stop creditor pressure, or just want to understand your next steps, we’re here to talk.
Call us now on 0800 1804 933 or request a call back - we’re here to help.
Bounce Back Loan or HMRC Debt? We’ll Deal With It
These are two of the most common debt types we handle:
Bounce Back Loans: If your business can’t repay, the government guarantee applies – not you personally (unless you misused the funds). We handle hundreds of CVLs involving Bounce Back Loans.
HMRC Debts: We can help arrange a Time to Pay plan or, if liquidation is necessary, manage the process so HMRC knows it is being handled professionally and legally.
You’ll always speak to someone who understands your position, not someone reading from a script.
Speak to a Licensed Expert Today
There’s no cost and no obligation to get started.
Call 0800 1804 933 or email advice@andersonbrookes.co.uk for free, confidential help.
Our team has helped thousands of directors understand their options and move on. You don’t need to face this alone.
Frequently Asked Questions
Have a company in England or Wales? These are your limited company business debt, liquidation and insolvency questions answered.
Can I liquidate the company myself?
No. Only a Licensed Insolvency Practitioner can place a company into liquidation.
What are the advantages of liquidation?
Placing the company into liquidation will stop debt enforcement, including bailiff action. The directors are usually in control of the process and can choose the liquidator. In most cases, it can be completed within two weeks without needing to attend any formal meetings. Company debts are usually written off unless they are personally guaranteed. Directors who act responsibly can show they handled the company’s financial affairs properly.
Is liquidation the same as dissolving the company?
No. Only a Licensed Insolvency Practitioner can liquidate a company. A director can apply to dissolve a company through Companies House, but only if certain conditions are met. If the company is insolvent, it may be a criminal offence to apply for strike-off. Always take professional advice before doing this. If you think you might qualify for dissolution, call us and we’ll explain the process. See our Licensed vs Unregulated page.
What is compulsory liquidation?
This happens when a creditor applies to court to wind up a company due to non-payment of a debt over £750. If the court agrees, the company is placed into compulsory liquidation. This often leads to more problems for directors, who may find it harder to defend against accusations such as wrongful trading. It is usually better to start the process voluntarily. See Strike Off vs Voluntary Liquidation for more details.
How much will it cost to liquidate my company?
It depends on your situation. In most cases, the directors do not pay the costs personally. The liquidation is paid for using company assets. We are a small practice based in Bolton with low overheads, so we offer some of the most competitive fees in the UK. All costs will be confirmed in writing before we proceed. You may also be interested in CVL Costs.
What is a phoenix company?
This is a new limited company that starts after an old one has gone into liquidation. It allows the business to carry on with the profitable parts of the original company. There are strict rules about reusing a company name, so it’s important to get advice before going ahead. For further detail and more simple explanations of insolvency and liquidation terms see our Glossary.
What is a Members’ Voluntary Liquidation (MVL)?
An MVL is used when a company is still solvent and can repay all its debts. It may be the right option if directors want to retire or step away from the business. MVLs can offer tax benefits, but they must be handled by a Licensed Insolvency Practitioner. See all types of liquidations.
What is wrongful trading?
If a company is insolvent and directors carry on trading, they may be accused of wrongful trading. A director could be held personally liable if they knew, or should have known, that the company couldn’t avoid liquidation and did not act to reduce losses. Acting early helps reduce this risk.
Do you only offer formal insolvency advice?
No. Many businesses contact us who do not need formal insolvency procedures. We help explore all the options, including self-help and informal solutions. If formal action is needed, our Licensed Insolvency Practitioner can act for you directly.
