Personal & Cross Company Guarantees

Savings of £1,500,000.00 & Settlement at 4.2% of Borrowings

-A local family, working in the construction industry, attended our offices, utterly distraught at the level of debt at which they were exposed by way of both Personal & Cross Company Guarantees

-Their original borrowings had been obtained via their Limited Company however same Company had been liquidated and there had been insufficient assets to cover the liabilities

-As a result, our Clients’ Personal Guarantees were called in as well as the Cross Company Guarantees for the Company they were currently dependent on for trading

-They were personally exposed to the amount of £1.2m

-Their homes, which had equity therein, were at risk and the lender had initiated aggressive  action seeking Judgment against our Clients

-The services of Bell & Company were promptly engaged and immediate contact was made with both the relevant lender and their instructed Solicitor

-Within a period of a mere several months, a full & final settlement agreement had been reached at £50,000

-This resulted then in savings of £1,150,000

-Our Clients’ homes were secure & they were free to carry on with their new business without any further pursuit

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Free Consultation

Your first consultation with us is completely free and you are under no obligation to proceed with us. However, it involves a thorough financial review and a tactical assessment of your various alternatives. We are assured you will leave the meeting with a clear understanding of your options and possible outcomes.

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Bell & Company is not allied to any financial institutions, agencies or outside bodies. This is one of our greatest strengths. It means that, unlike others, we are able to provide impartial advice that is in each client’s best interest and to operate scrupulously on their behalf, free of outside interference.

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