rise in interest

How does the rise in interest rates affect you?

December 13, 2017

How does the rise in interest rates affect you? It came as a surprise to many when The Bank of England decided to increase the base rate from 0.2% to 0.5% after over a decade of no rises at all taking place. The rise in interest rates is something that we are all aware of and are constantly being bombarded…

fall into debt

The professions most likely to fall into debt

December 6, 2017

Anyone, regardless of their job, years of experience, age or financial situation can fall into debt. This can be the result of a whole host of factors such as difficult personal circumstances, business deals gone bad, irresponsible lending on behalf of banks and more. Having said this, not all professions are created equal. The same way in which choosing a…

beat debt

How you can beat debt

November 29, 2017

How you can beat debt Debt is a problem that affects millions of people all over the world. In the UK specifically, over 8.3 million families are currently living in debt, with this often causing people emotional stress and anxiety as well as financial problems. In Newham, London, more than 20% of the people living in the borough are in…

Belfast Business Awards

We look back at the Belfast Business Awards

November 24, 2017

As we near the end of 2017, we reminisce about Bell & Company’s success at the Belfast Business Awards. On Friday 26th May  2017,  Bell and Company were crowned winners of Customer Service Excellence, Professional Business Service in the Belfast Business Awards. The prestigious event was hosted by Belfast Chamber of Commerce. The category saw fierce competition from industry leaders…

Lending out too much

Are the banks still lending too much?

November 22, 2017

The global financial crash of 2008 is widely considered to have been the worst financial crisis since The Great Depression of the 1930s. Banks went bust, unemployment levels rose and many governments embarked upon austerity measures in an attempt to reduce enormous budget deficits the recession had laden their respective countries with. Earlier this year The Bank of England issued a…

settlement

Settlement of £78,000 on a £1.2 million liability – Savings of £1,122,000

November 16, 2017

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 Bank’s solicitor and following the…

personal guarantee

Personal Guarantee exposure, 97 jobs saved and savings of £560,000

November 16, 2017

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 and many families being affected.…

property costs in the uk

Will property costs in the UK continue to rise?

November 15, 2017

Property costs in the UK For many of us, property prices are simply too high. A sizeable majority of us are priced out of living in our capital where, along with higher living costs, you’ll find the average house price to be a whopping £481,556. Perhaps soaring prices are to be expected in Britain’s capital, but even outside of London…

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