Company debt is fairly common but presents a serious challenge for a business.
It’s also the main reason that directors come to us for assistance.
Debt can arise for a variety of reasons. We’ve listed some common and other less common reasons for debt issues:
Common reasons for company debt
Less common, but equally problematic
These are just a few of many examples of how a company might accrue debt.
If your business is struggling with debt there are solutions available to avoid liquidation. For example, a Company Voluntary Arrangement allows a company to continue trading while paying back creditor debts. Get in touch with Hudson Weir to find out your options.
Hudson Weir are an established firm of Insolvency Practitioners who specialise in business recovery and corporate financial solutions. Hudson Weir provides industry leading, nationwide services for its clients with the intention of easing financial pressures and providing recovery strategies for struggling businesses.More about us
Hudson Weir Ltd (Company number 09477593) is a company registered in England and Wales.