Corporate Debt & Business turnaround Success Stories
Savings of £12,000 were achieved and assets secured
Liability of £30,000 with a secured asset worth £55,000 sold to ‘vulture fund’, settled for £18,000 A client’s liability was sold to a ‘vulture fund’ and was secured greatly with an asset worth £55,000. Solicitors had been instructed to take possession of the asset before Bell & Company were appointed. We successfully managed to stop legal…
Read MoreSmall Business Personal Guarantee of £50,000 settled for £5,500
A client with a small business personal guarantee of £50,000 came to us when the Bank initiated Legal proceedings issuing a Summons. The client’s business had suffered because of a large bad debt and that customer’s Bankruptcy would have started a domino effect as our Client could not satisfy the PG in full. The Client…
Read MoreSavings of £2,810,000 achieved and 40 jobs saved
Company Debt of £3,200,000 with Personal Guarantee of £2,000.000 and Personal Borrowings of £400,000 sold to ‘vulture fund’ all settled for £790,000 Our Clients’ company debt along with personal borrowings was sold to a ‘vulture fund’. The Company had 40 employees and operated from a manufacturing facility held as part of security by the vulture…
Read MoreLegacy Debt of £6,500,000 settled, Bankruptcy avoided
A client with a personal guarantee of £6.5million in the UK came to us with the threat of Bankruptcy looming. The Client had lived with this debt since the 2008 crash and saw no way out. He hadn’t heard from his Bank in several years and had hoped that the debt would one day go…
Read MoreSettlement of £78,000 on a £1.2 million liability – Savings of £1,122,000
In November 2017 we helped a client out of a huge Crystallised Shortfall A farming client previously held a large property portfolio which was sold, leaving a crystallised balance of £1,200,000. The Bank was pursuing the balance and commenced legal proceedings to recover the amount. On appointment, Bell & Company initiated meetings with the…
Read MorePersonal Guarantee exposure, 97 jobs saved and savings of £560,000
In October 2017, Bell & Company assisted a multi-site Northern Ireland business with Personal Guarantee exposure. The clients instructed Bell & Company regarding their Personal Guarantee Exposure of £200,000 and potentiality loss of the company properties to a Fixed Charge Receiver. The closure of the company would result in 97 employees losing their jobs…
Read MoreCommercial Settlement at 25%
Commercial Settlement at 25% A client approached Bell & Company via a recommendation from a previous happy client. The case was complex due to the fact the client had a significant income and equity in their home. The client had a commercial loan with a major lending institution over which the bank held a charge…
Read MoreAwards Dispute & Loan Sale Prevention
Awards Dispute & Loan Sale Prevention A pair of business partners parted ways and needed to settle on their commercial debt with a major banking institution in Northern Ireland. In this case, they were partied to litigation with an award due, which would have in excess covered the commercial debt settlement and given significant monies…
Read MorePersonal Guarantee Exposure – Savings of £300k
Building Industry Client with Personal Guarantee Exposure Clients, operating within the Building Industry, instructed Bell & Company regarding their Personal Guarantee Exposure of £350,000 At the time of instruction, the health of our Clients’ and their partners had been materially affected with quite serious consequences and so the case was sensitive as a result The subject Bank…
Read MoreSavings of £2.15M with large Vulture Fund
High level of Corporate debt settled A most intelligent and astute business Client approached us regarding a large level of Corporate Debt, in the region of £2.3m, that he owed to a Vulture Fund. The borrowings were in his own, personal name and had been taken out with a locally based institution however had been sold on…
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