Your role?
Company DirectorAccountant or Liquidator
Our Services
- Asset and Property Valuation
- Asset Disposal
- Asset Recovery and Storage
- Business Advice and Guidance
- Business Health Check
- Company Closure
- Company Liquidation (Liquidators)
- Company Voluntary Arrangements
- Dealing with Bailiffs
- Debt Collection
- Debt Consolidation and Negotiation
- Insolvency Practitioners
Some Advice
Locations We Cover
- Essex
- London
- Berkshire
- Buckinghamshire
- East and West Sussex
- Hampshire
- Kent
- Surrey
General Advice On Avoiding Company Insolvency
How to avoid the traps of insolvency
It is of course better to try and avoid getting into debt in the first place. Some planning and tracking can help to avoid the common insolvency pitfalls:
- Keep your books up to date
- Negotiate with your suppliers and shop around
- Control your outgoings, shop around for better deals on utilities etc.
- Investigate your competition
- Create a marketing strategy
- Ensure you can deliver what you promise, avoid overtrading
- Credit check your customers, monitor their behaviour and ensure they are not in trouble
- Define your invoicing and payment terms
- Consider using staged payments, take payments in advance or offer early payment discounts
- Pay your taxes on time
- Consider leasing instead of purchasing assets
- Try to avoid giving personal guarantees for loans or debts
- Ensure your business is correctly structured
Insolvency South East offer FREE business debt advice to company directors on 07860 384852 we're open from 08:00 until 22:00 Monday - Saturday or complete the form here and we will contact you as soon as possible.