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

By on November 16th, 2017

REQUEST A CALLBACK

Please fill in your details to receive a call

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.

 

  • The outstanding Company liability was £1,300,000 and assets valued at £600,000.

 

  • The Company refinanced and settled at £690,000 retaining the assets and achieved a full & final settlement.

 

  • The Company remained intact and, all 97 employees retained their jobs.

 

We pride ourselves on our ability to think outside of the box. We can provide strategies and solutions that others wouldn’t consider. Contact us today if you would like to arrange a free, no-obligation consultation on 02895 217 373.

 

Leave a Comment