Need to Raise Cash After a Business Failure?

Thousands of people start new businesses every year.  The UK is a nation of small businesses, especially within the services sector, but of the many businesses that are set up only a small percentage are still in existence after a period of five years.

The fact is that running a business can be hard work.  Finding the right market, getting and keeping the right staff, finding good suppliers at good prices, and marketing your product or service effectively are all hard to do.  The amazing thing is not that businesses fail, but that they survive!

If your business has hit the rocks don’t despair – you are not alone.  Make sure that there is nothing that can be done to salvage it.  Take advice from business advisers – you should be able to find them in your local phone directory or on the internet, and some may provide initial advice free of charge – to see if their expertise can help you get the business up and running again.  It’s important to explore all the options before you admit defeat.

If you are convinced that nothing can be done to save your business you may need to look for ways of raising cash.  If you are a director of a limited company your liability will be limited by law, but you should seek the opinion of a professional such as a lawyer or chartered accountant who can tell you exactly where you stand.  If you are a sole trader or you have raised money using your house as security, you may need to think of other ways of paying back what you owe.

Property Rescue will guarantee to buy your home and will allow you to remain in it as a tenant after the sale.  If you accept their offer, they will draw up a tenancy agreement for you and explain how much you will have to pay in rent.  Once your home is sold you can stay in it and the proceeds from the sale can be used to pay off, or help to pay off, your debts.  Whatever you decide, explore all the options and take professional advice because the decisions you make now will have a long term affect on you and your family.

Contact Property Rescue to discuss your situation and see how they can help.

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