Financial Debt Options
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80%
Over 80% Of Debt Wiped
Out On Average
100+
Companies Helped
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£Millions In Debt
Written Off
Financial Options FAQ
There are many different forms of financial options, and they are often company-specific. For instance, if you own a small enterprise and have a 6-month backlog of rent payments on a commercial property, then the options that will benefit you will be different to a larger enterprise with issues with supply chain payments.
At Boardroom Punks, we ensure that we give all our clients to time and attention they need to find the right financial options. Once you have organised a free phone call with us, we will discuss how we can come to a plan of action to get your company back on its feet. We pride ourselves on our business expertise, and we are always looking to apply innovative methods to help rescue your business. Some of our clients have wiped off 80% of their debt, and there is no reason why we cannot work with you to find the best possible solutions. But what are some of the concerns you have expressed regarding financial options? We are in the business of no-nonsense, straight-talking advice. Here are the answers to your most common inquiries.
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Financial Options FAQ - The Punk way
How do I explore my financial options with creditors or HMRC, who are demanding immediate payments?
For any business, it is incredibly tricky to negotiate with creditors or the taxman when they are breathing down your neck. The pressure they can put on a company to pay its debt can feel heavier than any problem you’ve encountered in business before. Boardroom Punks completely sympathise with your situation, and many of our financial experts have been in situations where they have the same pressure for similar reasons.
However, we have your back! During the negotiations to organise a CVA or to rearrange a payment plan with the creditors, you will need financial and business professionals who know how to handle these heated discussions. We can assure you that we will take the sting out of the discussions so that you can have some breathing space to work on a more feasible payment plan. If there is negotiation needed with creditors or HMRC, this will be one of the first issues we address. The aim of this is to give you the time to assess the plans and options put in place by Boardroom Punks to save your business.
How do you assess what financial options are right for my business?
During the first initial and confidential phone call, we will discuss some brief details about your business. We will ask you about the type of trade your enterprise operates within, the size of your business and how long it has been operating, and the amount of debt and the type of debt that you may need help with. Once we have established a solid understanding of how we can help with your specific problems, we will organise a meeting to dive further into the details. It will be during this consultation that Boardroom Punks will outline the numbers and a master plan to help you rescue your enterprise. Together we will explore as many ways as possible to help you with any outstanding debt, negotiations, business management, and any other practical solutions.
Will the financial options for my business change over time?
In business, it is always difficult to stick to one plan. There could be a change in employees, location, demand, and even in the amount of debt, you may owe. At Boardroom Punks, we understand that new challenges arise every day, and because of that, we are here to offer support in changing circumstances. In the case that you need to re-evaluate and revise the initial financial options agreed upon, we will talk you through the process with as much clarity as possible. Unlike insolvency companies, we are not geared toward just one solution. Instead, we will look to find alternatives to help salvage your business. With us, you do not have to worry that we will run out of steam with our options. We always look to innovate and take on new challenges with the intention of keeping your business running.
What if the only option left for my business is liquidation?
Before a business is officially declared insolvent, we will ensure that all financial options have been explored. The winding-up of an enterprise is a really difficult process for everyone. All that effort that you have put into running the business and all the time you have dedicated to the enterprise may seem wasted. However, though this is a difficult process, it may not be the end. At Boardroom Punks, we will assess the terms of liquidation with forensic detail. Our experts will attempt to assess how any remaining finances can be redistributed. On top of this, we always take the time to examine the business models and enterprise logistics of all our clients. Even if you feel there is no other option but insolvency, speaking to us may help you understand what steps need to be taken with this endeavour or any future ideas. The Boardroom Punks understand business can take many twists and turns, and we are here to help guide you through these difficulties.
What if I do not find any of the financial options Boardroom Punks offers to be helpful?
Sometimes even our experts can clash heads with clients. Lengthy negotiations and discussions do not always result in financial options that seem applicable to your scenario. If you do decide to go your own way, then there are no hard feelings. The Boardroom Punks will always try and salvage your business and offer you various financial options to choose from. With all our clients, we dedicate time to analysing how debt can be paid off so that you can continue to grow your enterprise. With a managing director who has over 10 years of experience and a team of experts who have worked with businesses from a variety of trades, we know that we can offer solutions for you. In previous cases, businesses have decided to take on the challenges of debt themselves, and unfortunately, it has not always worked out. With the testimonies given by our previous and current clients, the track record speaks for itself. It may seem like the financial options we are offering may not be feasible in the short term, but know that Boardroom Punks are here because of the success of their plans.
Can I change my mind regarding the financial options presented to me and my enterprise?
During face-to-face negotiations, we will discuss multiple financial options in order to arrive at the correct master plan. In this process, we will outline the timeline, the repayment schedule, and the expectations from both parties. If you do decide to renegotiate the plan of action, there may be a need to have additional consultations to discuss the reasons why. There may have been a change in your business, a change regarding a creditor, or simply a change of heart. Whichever the circumstance, Boardroom Punks will hear you out. The relationships we build with our clients are a fundamental part of our business, so any concerns that you wish to express will not be ignored. The changes that you may want to implement may be advised against by our financial experts, but we will be sure to listen and build with you toward the best possible solutions.
I have compared the financial options offered by Boardroom Punks with a competitor, and I am unsure of whose advice to take. What should I do?
It is completely natural to shop around for different offers and financial alternatives. In fact, you may likely be looking at different websites right now. At Boardroom Punks, we like our clients to be inquisitive about their financial options. Because we pride ourselves on our innovative alternatives, depth of expertise, and a solid track record, we do not doubt that we will be at the top of your list. Unlike other insolvency practitioners or accountants that work in liquidation, we work toward rescuing your business. The financial options that are being advertised by others may be short-sighted, yet ours are always looking at the long term. After a confidential phone call and a consultation, we believe that you will come out with a new outlook on your enterprise.
Will the financial options offered by Boardroom Punks cost me more money than if I were to sort this out myself?
The financial options we will advise you will depend on the circumstances of your debt and the size of your enterprise. During a confidential consultation, we will crunch the numbers and arrive at a plan that can be executed for the long-term benefit of your business. If you are comfortable with the numbers that we decide upon, then you are free to try and re-organise the debt payments by yourself. However, understand that at Boardroom Punks, we have expert negotiators and business management professionals that can work closely with the creditors. We understand the demands of both parties, and we want to find an innovative alternative that can work for everybody. You may conclude that you can save money in the short term by trying to work it out independently, but this may cost you more money in the long run. Whatever the size of the debt of your SME, we will work toward a plan that will keep your business running so that you can continue to build your life around it.
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“I was in a very bad place, David and his team saved my life, they were the ideal choice.”
Alan T
“The team at Boardroom Punks genuinely care and listen to client’s needs; most firms simply want the solution for a client where they make the most money.”
Mike W
“We had VAT issues that were affecting our ability to control cash flow. Since working with the Boardroom Punks team we’ve been able to move our business forward with a solution that perfectly suited our needs.”