– Business Debt Advice –

Specialists in Business
Turnaround and Insolvency

We are one of the UK’s leading independent corporate rescue and recovery specialists.

We assist businesses with their restructuring, recovery and rescue.

We can also help with the closure of your business if that is the only available solution.

Why Choose Company Focus?

The best advice – every time

We are always happy to go that extra mile and take ownership of your legal and financial issues.

Our clients come from all types and sizes of business - and all benefit from the same balanced and fair approach.

Our services come without jargon. We are open, honest and helpful.

We lend a friendly ear and provide professional advice on your financial issues.

Bounce Back Loans and Liquidations

Can I liquidate my company if it has taken out a Bounce Back Loan?

In short yes. Businesses may still find trading difficult during or after this turbulent period, even with the extra funds from the loan. Recovery may not be realistic so liquidation and closure is the most suitable course of action.

What happens to the loan in liquidation?

In the event of a company being liquidated, the bounce back loan turns into unsecured debt.

Can I be held liable for an unpaid bounce back loan?

Not usually. In the event of a company being liquidated, any personal guarantees signed by a director means that director remains liable for the debt.

Directors however, generally are not liable for an unpaid bounce back loan when looking to close a company because they usually 100% guaranteed by the Government and not by the director.

How To Liquidate A Limited Company

For expert advice on the implications of an unpaid bounce back loans when liquidating a limited company, please contact us.

Our Senior Team

Our experience is extensive, so we are able to combine a range of services into one convenient package

  • Natelie
    Anthony Fisher
    Managing Director &
    Insolvency Practitioner
  • Natelie
    Emma Fisher
    Financial Director
  • Gary
    Gary Birchall
    Insolvency Practitioner &
    Insolvency Director
  • Wayne
    Wayne Mackenzie
    Supervisory Manager
  • Joanne
    Jane Hardy
    Insolvency Practitioner
  • Anne
    Anne Ledwith
    Senior Insolvency
  • Katherine
    Kathryn Valentine
    Senior Insolvency
  • Graham
    Graham Cordiner
    Insolvency Manager
  • John Rudd
    Jon Rudd
    Corporate Advisor
  • Marin
    Martin Jeffery
    Corporate Advisor

Company Focus Guides

Tips and information about dealing with business debts

What are the options for businesses impacted by the coronavirus pandemic?

If your business is struggling, and you need assistance it’s important to know what options are available to you. We’re here to help you forge the best path forward and to make you aware that there are things you can do.

Repayment Options For Bounce Back Loans.

When a company is struggling to repay a bounce-back loan there are a number of options available.

Time to Pay Arrangements

If you are not able HMRC on time, a Time to Pay (TTP) Arrangement allows you to repay these debts monthly over a period of time.

Directors’ duties before, during and after liquidation

The consequences for failing to fulfil duties can be significant and throughout the process of insolvency.

What is Wrongful Trading?

Directors are often aware of the term wrongful trading without being wholly informed of the meaning and the consequences until being under investigation.

When is a Company Insolvent?

There are three insolvency tests to establish if a company is insolvent.

Extension of Government business support – Update June 2021

Restrictions on statutory demands and winding up petitions will remain until 30 September 2021

Investigating Directors Of Dissolved Companies

As of May 2021, Insolvency Service has powers to investigate directors of companies that have been dissolved.

Strike Off Application Or Creditors Voluntary Liquidation?

Liquidation and Strike Off applications are two processes for closing a business. Understanding them helps achieve a smooth closure.

When You Shouldn’t Try To Dissolve Your Company

If your company has debts that you are struggling to pay then you need to take the advice of a qualified professional before going down this route.

Bounce Back Loans and Personal Liability

What happens if I can’t repay? Do I have to pay this back myself if the company cannot?

Voluntary Liquidation – What You Need To Know

A Company Voluntary liquidation (CVL) is a formal method of closing down insolvent business

View all Guides »