Blog

What is a ‘zombie’ company?

what is a 'zombie' company?

A ‘zombie’ company is simply a company that is neither dead nor alive. It is so overwhelmed by debt that it merely exists and any cash generated is being used to ward off the debt owed to creditors. In many instances, the debt is not being reduced. With this, the majority of ‘zombie’ companies are unable…

Read More

4 REASONS WHY you should appoint an Intermediary

4 reasons to appoint an intermediary

  A question we often hear from potential clients in their initial consultation is why can’t I do this myself? In short there is nothing stopping you from liaising with your creditors yourself. However, we know that the process is much smoother, less stressful and often more successful with expert assistance. Intermediaries like ourselves carry…

Read More

Liquidator of a Company – Do I have Personal exposure?

liquidator of a company

The failure of any company is distressing enough, and all company debts would be dealt within the liquidator’s work. There could be elements of the liquidation that cause personal exposure and put your assets such as your home, car or savings at risk. Personal Guarantees This is an area we specialize in. Personal Guarantees may…

Read More

Personal Guarantee – Now I’ve received a Statutory Demand!

Personal Guarantee

Personal Guarantee A call on a personal guarantee can be very stressful but it may be managed with meaningful, professional engagement with the creditor. If it is ignored or the wrong representation is made, often by ‘misplaced help’, then the situation can quickly deteriorate. Statutory demand Very often the creditor will issue a Statutory Demand,…

Read More

Retail World – FRI leases, the devil’s spawn

Retail World – FRI leases, the devil’s spawn   We hear on a weekly basis, at the moment, of the demise of retailers with a headline involving House of Fraser, Mothercare, any number of restaurants and most recently Poundworld* availing themselves of CVA’s. The sole reason for this approach allows these ‘mega-retailers’ to excuse themselves…

Read More

Personal Guarantees – IS MY HOME AT RISK?

personal guarantees is my home at risk

Personal Guarantees – IS MY HOME AT RISK? Personal guarantees are a scourge on entrepreneurial life which very often rear their heads during economic downturns and specifically with a business failure. A Personal Guarantee is sought to typically cover: Limited company finance, in whatever form, to bring as the finance provider would see as a…

Read More

Will I Lose My Home in Bankruptcy?

Will I Lose My Home

Will I Lose My Home in Bankruptcy? The Fear What’s the biggest fear about bankruptcy or personal insolvency? Ask anyone who has faced this trial and you will get the same answer: losing your home. When you look at your debt situation and accept it is unmanageable it is practically certain that ‘Is my home…

Read More

The Benefits of Debt Strategists

THE BENEFITS OF DEBT STRATEGISTS

WHAT ARE DEBT STRATEGISTS Debt strategist might sound like the job title of the bulge-bracket merchant banker in the Square Mile – but that’s not right. A good debt strategist is the vital problem solver every entrepreneur should have in their contact book. But whether it is business collapse with a personal guarantee attached or…

Read More

We are FINALISTS!

we are finalists

The team at Bell & Company are delighted to announce they have again been shortlisted as finalists in the prestigious Belfast Business Awards, under the “Best Company to Work For” category! In May 2017, Bell & Company won the “Customer Service Excellence, Professional Business Service” award and we feel honoUred to have been shortlisted again…

Read More