Options for the Soletrader Rescue

Having established the business’s position and your personal and business objectives you are now ready to consider the options available. Consider each carefully and examine the relevance to your business and its circumstances.

The guides to options available to soletraders in distress have been built with the you in mind, wherever possible we avoid use of the legal jargon that can annoy people in your position.

In this section of the web site we cover the legal options, the practical options, practical application of the law and our interpretation of the law. Be aware it is NOT AN EXHAUSTIVE GUIDE and the application of the law can be affected by the individual circumstances of the business - therefore it probable that you will have to take professional advice sooner rather than later. The aim of these option guides is to better prepare you for those meetings.

To go to the section you want to read press the quick-links below. You will also find links embedded in the pages to quickly take you to other pages that you may want to check. If you want to go back to the place where you clicked that embedded link, just use the back arrow in your browser tool bar (usually top left of the screen).

Finally, remember your home, your livelihood and perhaps even personal relationships are at risk if you do not consider the position carefully, consider the objectives and then look in depth at each of these options. Make a decision to ACT and to deal with the problems that you face.

Survival of the business with you in control
Individual Voluntary Arrangement
Trading Out
Refinancing

Closure of the business
Bankruptcy

Other
Debt Collection – how to chase your money and what people think when they hear the excuses you use for non-payment

Doing Nothing – is this seriously an option?

What is the Bank’s View – They won’t wait for a decision indefinitely

99 Marketing Questions

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Company Rescue Limited, is a subsidiary of KSA (NE) Ltd.

Contact details for KSA if you are based in London & Home Counties
KSA Turnaround
Tower 42
25 Old Broad Street
London EC1N 1HN

Telephone: 020 7877 0050 Facsimile: 01289 309 429

Contact details for KSA if you are based in North East, Scotland and North West
Units 7 & 8, The Chandlery, Quayside,

Berwick Upon Tweed, TD15 1HE

Telephone: 01289 309 431 Facsimile: 01289 309 429

Contact details for KSA if you are based in the Midlands, East Anglia, Kent, Essex & Hertfordshire
Insight House
Riverside Business Park
Stoney Common Road,
Stansted Mountfitchet
Essex, CM24 8PL

SOLE TRADER RESCUE