Working across Scotland and the United Kingdom, we understand how stressful and confusing it can be to find your business in financial difficulty. We are experts in finding the right solutions that fit your business.

From problems with HMRC, to smoothing your cashflow or negotiating with creditors, Libra can help your business move forward.

We are full of local business knowledge and work with businesses of all sizes, from sole traders to SMEs and partnerships. You can be confident that we will understand your business challenges and have a range of solutions to help.

our services

what we help with..

In our experience, HMRC will always rely on financial forecasts and projections negotiating repayment of arrears. We can assist with the preparation of these, review and verify your tax liability, and open communications with HMRC.We also understand that tax can be a bit of a minefield, so offer a full tax advisory service to help guide you through any uncertainties.

At Libra we understand approaching your creditors directly to discuss the repayment of debt can be stressful, especially if the creditor is hostile.  Our team at Libra will work with you to discuss affordable repayment solutions and thereafter reach out to your creditors and negotiate on your behalf. 

As UK business and the wider economy transition back from emergency Covid measures we are working with business to ensure they have a positive financial future. Many businesses rightly took advantage of government financial packages, however it is essential to plan a financial recovery strategy that allows your business to remain afloat and grow, whilst paying back any loans. Our expert team can offer free advice and guidance if you have any concerns. 

If you have given a personal guarantee for a business debt and are worried what that could mean for you as an individual then we can offer free advice and guidance. In addition, if you find yourself being pursued in respect of a personal guarantee it is prudent to scrutinise the small print before assuming that they are valid and payable.  So if you have any uncertainty over the validity of a personal guarantee, then let us know and we can provide a legal opinion on its enforceability.

If you have a profitable business but the historical debt has overwhelmed the company to breaking point, it may be that an administration process could be the difference between success and failure. Whether you appoint an Administrator to trade your business out of a difficult spot or want to absorb the business and assets of your company into a new entity, will ultimately be up to you.  We can advise and guide you through what can be a daunting process. 

If your business is facing financial stress there are various pitfalls which could have a direct adverse effect on you as a director or business owner. Decision making during these periods can be critical, and our experts can help you make the correct ones, for you personally and the business.

There are two key elements to cash flow management: accelerating cash in, and mitigating cash out.We look at flexing the various financial components to maximise the cashflow stream – from debtor days outstanding to supplier terms.

Entering into a lease can be an exciting but daunting prospect for a business.  Sometimes, as businesses change and adapt the terms of a lease may no longer be suitable to the business needs.    At Libra we can offer some initial advice on the terms of a lease and have access to a team of legal agents if required.  With your permission, we can also contact your landlord on your behalf and negotiate modifications to the lease to help get your business back on track.

In a constantly evolving economy it can be difficult to adapt to changes in the market.  With decades of experience in advising businesses across all sectors, we can facilitate the transformation of your business, whether that be financial remodelling or digital transformation, Libra have the know-how to future proof your business.

If you are the owner of a cash rich Company, which has reached the end of its natural lifecycle, then we can offer a service called a Members Voluntary Liquidation.  The process involves the appointment of a liquidator who will distribute the cash to the shareholders, who then have the opportunity to take advantage of a reduced tax rate.

Sometimes, despite your best efforts, the best solution is to enter into an insolvency process.  However, this doesn’t need to be as scary as you might assume. At Libra our experts offer a full range of processes and our team are on hand to discuss the various options available.

At Libra we have contacts within a range of different lenders, many of whom have a focus on small to medium enterprises and operate with more flexibility than some of the larger, well-known investors.  We can assist in seeking the right finance package, tailored for your specific business needs.

our solutions

how we help..

An Administrator is appointed to a company to protect trading, assets and action being taken by creditors. In this situation the control of the company is passed to an Administrator who must be a licenced insolvency practitioner.

An administration is seen as a rescue procedure and initially the Administrator should review the likelihood of being able to sell the company as a going concern. If this fails, then an orderly wind down of business is pursued by selling the assets of the company.

Contact us for help today.

A CVA is a legally binding agreement with your company’s creditors to allow a proportion of your debts to be paid back over a specified period. Creditor approval is required before a CVA can go ahead (75% in value of creditors who vote need to support the proposal).

This procedure allows the current management to continue trading the company in its current form and move forward, focussing on the future.

Our experts will review your company finances and asses whether a CVA is appropriate. If so, we will liaise with management to prepare an achievable proposal to creditors.

Contact us now to start the process.

Having the correct finance in place for your business is vital to aid cashflow. At Libra we can advise which types of funding will best suit and assist your business.

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If a company goes into liquidation, its assets are sold to facilitate a dividend to creditors. These are two types of insolvent liquidation:

1. Creditors Voluntary Liquidation
2. Compulsory Liquidation

Liquidation can be a complex process, but our experts have vast experience in assisting businesses in this process and can advise you on the best way forward.

Contact us now to see how we can help you.

A pre-pack administration follows the same process as above with one distinct difference. The purchase of the assets of the business are agreed in advance of the company entering administration to preserve their value. The sale of the assets takes place immediately upon the appointment of the Administrator.

Contact us now for more information.

A time to pay arrangement is an agreement between an individual or company to repay sums due to HMRC by way of a monthly affordable payment.

Our experts have significant experience negotiating with HMRC in this respect and can help you today. 

We have close contacts with many lenders, however one specific product that has assisted clients is focused on VAT funding. VAT returns represent a significant outlay and can impact your cashflow. You may be eligible for a flexible finance solution from a specialist provider which spreads the costs of your VAT payments.

Find out how we can help you.

Are you a sole trader or director of an SME with personal liability? Or perhaps you have experienced an income drop due to Covid-19 restrictions, and need help managing debts.

If so, a DAS with Libra will allow you to pay your creditors in full over a time span that suits your income. Assets are not considered, and, as creditors are paid in full, you will not appear on the register of insolvencies.

Visit our DAS page to find out more or contact us to start the process today.