Protection
Every business has its ups and downs, but very specific skills and products are needed to ensure the downs do not become terminal.
Often when cash flow difficulties arise and judgements are registered against a business you will find yourself prey to numerous so called "debt/insolvency advisers" who should be avoided like the plague.
They will often tell you what you want to hear - rather than what you need to hear. Don't let that happen to you..!
Our honest, no nonsense, professional advice will always put your interests first.
Ludgate Director First can help you in a number of ways.
Securing your investment - with a Private Debenture
Would you expect a bank to invest in your business without security? ……………… we suspect not, so why should you?
Directors invest in their businesses in a number of ways:
- Direct cash injections as Directors Loans.
- Undrawn dividends, salary and expenses.
- Borrowing from Directors Pension funds
- Borrowing from other group or associated companies with which the Director is involved.
In our experience, these loans are rarely secured and always leave your monies exposed should the company ever fail.
Our commercial team can help implement a simple security document called a Private Debenture which is essentially an affordable, but one off, insurance policy. It will not only recover your money, but has a number of advantages to keep you in control where there are threats to the business from other creditors.
We can secure not only monies you are about to lend, but also provide mechanisms to secure monies already owed to you.