Understand the position
Clear information before you decide what to do next
Speak privately with a corporate insolvency adviser about company debt, creditor pressure, rescue and closure options.
- Confidential discussion without judgement
- Plain English explanation of available routes
- Clear list of information and next actions
You do not need perfect records to make the first call
A first conversation can begin with the debts, cash position, creditor pressure and the director’s main concerns. Better records improve the analysis, but uncertainty should not delay urgent advice.
The adviser should understand the full objective
The aim may be to preserve the company, sell the business, protect employment, address personal exposure or close in an orderly way. The advice should reflect the commercial objective as well as the legal process.
Expect practical questions
Useful information includes recent accounts, bank balances, HMRC arrears, finance agreements, personal guarantees, director loan accounts, creditor demands and expected receipts.
Practical next steps
What to prepare now
A clearer picture helps the first conversation focus on realistic options.
- Write down the three most urgent concerns
- Gather the latest creditor and tax balances
- Note any personal guarantees or director loans
- Book a confidential consultation
Common questions
Speak to a Corporate Insolvency Adviser FAQs
Is the first consultation confidential?
Yes. The initial discussion is intended to understand the position privately and identify appropriate next steps.
What documents should I prepare?
Recent accounts, bank balances, creditor lists, HMRC correspondence, cash flow information and finance documents are useful, but do not delay an urgent call if something is missing.
Will I be told to liquidate the company?
Not automatically. Rescue, repayment, restructuring and closure routes should be considered against the actual circumstances.
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.
