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Business Rescue UK have many years experience dealing with businesses experiencing problems and put them on the road to recovery. They are based in Bolton but work across the North West supporting businesses through their difficult periods.
F C said
I was recommended to Business Rescue UK Ltd by an Insolvency Practitioner as my mechanical & electrical engineering business was suffering by main contracts delayed payments. I was undertaking contracts in a range of £20,000.00 to £500,000.00 and found main contractors and clients were holding onto substantial certified payments by design. I had substantial pressure as suppliers required payment within 30 days and wages had to be paid weekly. Initially I had taken out short term personal loans to prop up my cashflow and paid the company who threatened Court proceedings as a priority. My business had been running in this manor for about a year and I could not see a way round it. I approached an Insolvency Practitioner who recommended me to a Dr Ron Mitchell acting on behalf of Business Rescue UK Ltd Dr Mitchell suggested I should look at spreading my debts over a period of five years and felt with my cashflow and future contracts I could sustain this. I was sceptical as my business was as a sole trader. I was aware of IVA’s that were an arrangement via a 75% vote in favour by creditors, but I was not aware of an arrangement with individual creditors without Court approval. To my surprise all creditors agreed to the Business Rescue format over five years except HMRC who were 50% of my outstanding debts. They were still trying to come to a figure? The package ran extremely well with my business paying its current creditors on time and paying £2,500.00 to Business Rescue to be distributed to the creditors who had agreed to the extended payment package. I was also paying HMRC as my projected cashflow. This continued for six months, but still HMRC could not agree a figure amongst their numerous departments, but with Dr Mitchell’s persistence they came to an agreement on a figure. My file was then passed to HMRC at Glasgow, a VAT office who after another two months deliberation said that they required a down payment of £30,000.00 before they would agree to the arrangement. I have a Tax rebate of £35,000.00 to come from CIS deductions by my clients at source which is due at the time of writing. I still have not received any final demand from HMRC, but it will finally be issued. Although my rescue package was not successful it was only terminated by the inefficiency of HMRC and I would strongly recommend any individual or company approach Business Rescue UK Ltd with a view to extended settlement of outstanding debts. Business Rescue UK Ltd is made of extremely experienced administrators, retired bank managers and company directors who have a wealth of knowledge in the Insolvency field
If you own a business in Lancashire and you would like to find out how you’re really perceived by your customers, then Shopper Anonymous Lancashire can perform detailed mystery shopping and also help you improve where needed with business consultancy, sales and customer service training.
Jeremy H said
Shopper Anonymous are one of our most professional suppliers. They deliver within timeframe and budget every time. They have been a breath of fresh air to our business and it is no surprise to me that our levels of service have substantially improved since the beginning of the year, when we embarked on their comprehensive mystery shopping program