Financial Options & Solutions Guide for Personal Debt

Before the Punks outline the personal options available for a director of a company, it is important to define what we mean. Personal options are solutions that are tailored specifically toward a director of a company. Unlike the company collectively or a specific board of directors, personal options are centred upon the individual. They are often more beneficial for directors who run small businesses or enterprises. In addition to this, they often consider the personal issues of a director. What are some of these options?

Firstly, it is likely that a director needs help with negotiations. These discussions may be had with a landlord, creditors, staff members, or HMRC. A director likely has to spend their time running a business, and therefore they cannot allocate the attention needed to negotiations. If a director has received letters relating to debt, then they must get in contact with the appropriate creditor. Having experts like ourselves at hand can help you deal with these negotiations whilst you continue to run your business.

A director may need to find new investments to keep the company commercially viable. If there is the presence of insolvency or there is a need to deal with outstanding debt, then an outside agent like us can help you negotiate a pre-pack administration. This may seem daunting at first, but a pre-pack sale is designed to find new interest in a company’s assets. The branding, value, model, and outlook of a company remain the same, but with new interest, it means that any debt will be negotiated off as part of a deal. This will allow a director to keep their position whilst inviting in new interest.

If a director is struggling to keep on top of their cash flow and balance sheets, then they may want to look to appoint an accountant or a financial adviser. A detailed analysis of these financial documents can help a director understand where they can reduce liabilities, make amendments to debt payments, and maximise productivity. Our innovative solutions have helped directors and business managers pay their debt off in a sustainable fashion.

Other solutions include a range of financial options. A director may want to negotiate a loan to get control of a debt that is beginning to spiral out of control. Depending on the size of the enterprise, a financial option can give a director breathing space to continue working.

The most sought-after advice from directors is usually in the form of personal support. We understand at Boardroom Punks that it is incredibly difficult to keep a business running, especially if you have built it from nothing. The sense of pride from this achievement can sometimes prevent a director from seeking out the little bit of help they may need. Our incentive is always to protect the interests of the business and the director. You can be assured that the advice we offer you will be geared toward protecting your enterprise. After a confidential call with us, we can discuss your personal options and begin forming a plan to rescue your business.

Even with the help offered in this guide, your problem may be too specific to rely upon this advice alone. The Boardroom Punks understand the intricacies of business as we are a team of business-savvy professionals who take their trade seriously. If you do require further help, then feel free to book a call today. All inquiries are confidential, and you can be assured that we will approach your problem with respect and dignity. Our alternative solutions always aim to save a business rather than insolvency or liquidation. The Punks have your back!