Understand the position
Clear information before you decide what to do next
Compare practical company debt solutions including creditor agreements, Time to Pay, CVA, administration and liquidation.
- Build one complete company debt picture
- Match repayments to sustainable cash flow
- Compare rescue against orderly closure
Informal solutions can help temporary pressure
Direct arrangements with suppliers, lenders or HMRC may work where the company has a credible route back to stable cash flow. They should be based on figures the business can maintain while meeting new liabilities.
Formal solutions create a defined framework
A CVA can bind creditors to an agreed repayment proposal. Administration can provide protection while a rescue or sale is pursued. Liquidation may be appropriate where liabilities cannot be supported and recovery is not realistic.
The best answer may combine changes
Debt restructuring often needs operational action as well as financial terms. Pricing, staffing, property costs, loss making contracts and working capital should be reviewed alongside creditor balances.
Practical next steps
What to prepare now
A clearer picture helps the first conversation focus on realistic options.
- Create a full creditor schedule
- Separate secured and unsecured debts
- Calculate sustainable monthly cash generation
- Compare each route against a realistic downside case
Common questions
Company Debt Solutions FAQs
Can company debts be written off?
Some formal procedures can result in creditors receiving less than the full amount owed. The outcome depends on the process, available assets and approved proposals.
What if only HMRC is owed money?
A direct payment arrangement may be possible, but affordability, ongoing tax compliance and the stage of enforcement still need review.
Which solution lets the company continue trading?
Informal agreements, a CVA and administration can support continued trade in suitable cases. Viability must be tested first.
This page provides general information and is not legal, tax or financial advice. The right action depends on the company’s circumstances. Formal insolvency procedures must be handled by an appropriately authorised professional.
