Who can advise a company in debt?

I know that CCCS and Payplan can advise people on their personal finances, but where can companies go to for free impartial advice in the UK?Who can advise a company in debt?
If you can't speak to your bank, then maybe your local Business Link?


There a good point of reference to tell you who can , if they can't.Who can advise a company in debt?
If you are a director of a company and you believe that the company is insolvent you have a duty to seek advice. You can get into serious trouble if you continue to trade despite knowing that the business cannot meet its liabilities as they fall due. Good for you for resisting the temptation to ignore the problem and hope it goes away.





Pick up the phone to an insolvency advisor. They may also be called ';business restructuring'; or ';corporate recovery'; or something similar, as ';insolvency'; was found to be a negative word that scared potential clients away (duh!).





A decent-sized accountancy firm should have such a department.





Be reassured, they won't necessarily put your company into liquidation or anything and they won't try to bully you into doing anything like that if it is not best for the company. They have an ethical code that requires them to give you the best advice for YOU, not for getting fees for themselves. They will just sit down with you and go through the figures and help you explore your available options.





It is like going to a dentist - if you need it, and you do nothing, then you will regret it as it will only get worse.





Good luck! You're not alone by any means.
Your local business manager who assists you with the bank account should be able to give you some free advice. Failing that, there are government funded business advisors throughout the country who will call out to you and advise you of the best route to take.





I've included a link that may help you.





Hope that helped x