Welcome to Crown Debt

Effective solutions to your financial troubles

Crown Debts is a dedicated financial solutions company offering effective debt solutions to companies experiencing financial difficulty, or those who are in need of liquidation help and need a type of insolvency service.

Crown Debts acts with the Directors' and Shareholders' best interests at mind, providing expert advice on how to best protect their business assets and personal interests throughout the insolvency service, following the legislation of the insolvency act 1986 companies can bind themselves in a legal contract with their debtors, this can protect them during their financial difficulty.

Crown Debts work with a number of solutions providers to help companies struggling with debt. Our aim is to help viable companies out of the predicament they find themselves in. Help identify companies that are beyond redemption and deal with all that lies between, in the most efficient manner for all. Because we are not directly affiliated with the crown, we can serve the best fit solutions for all including the crown.

Professional Debt Solutions

One particular type of administration becoming more and more common practice is pre pack administration or pre pack insolvency. As pre pack insolvency specialists, Crown Debts uses the most efficient process to help companies out of difficult financial situations.

A Pre pack insolvency is necessary when a successful business is suffering financial strain, caused by unexpected debts as a result of, for instance, loss of a major customer or several debtors that are unable to pay. For pre-pack insolvency to be successful, a company must form a phoenix company where the existing business can be transferred to.

Not all difficult financial circumstances will require company insolvency, Crown Debts works closely with each individual company to understand the situation and determine the most effective solution to help them. We will then recommend an insolvency service that matches their needs and requirements.

Crown Debts include; Outstanding VAT bills, Income Tax debt, PAYE shortfalls, Overdue National Insurance contributions Whilst the team at Crown debts are not able to deal with or provide advice on any company solutions ourselves, we will gather the relevant information, prepare the documentation and ensure it is passed onto our approved partners who will consider each case based on the information provided working on behalf of the client to resolve the company's fortunes in the most efficient manner.

Currently there are a number of avenues companies can take with factors such as the state of affairs of the company, the number of creditors, the type of creditor and indeed the magnitude of debt against turnover. Subject to Crown Debts being provided with clear and accurate information from the onset we are confident in finding the approved partner best placed to help discreetly resolve the situation.

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