Fortis Debt Advice

Fortis Debt Advice Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Fortis Debt Advice, Financial service, 683-693 Wilmslow Road, Didsbury East.

Fortis Debt Advice is a North West firm of Licensed Insolvency Practitioners based in Manchester that provides industry leading, nationwide advice and services to businesses and individuals that are facing financial and operational problems.

Another outstanding review! We're here to help.The initial conversation is free and strictly confidential.Send us a mess...
28/03/2023

Another outstanding review! We're here to help.

The initial conversation is free and strictly confidential.

Send us a message, call us on 0161 694 9955 or email [email protected].

With Fortis, you're never alone!

How long does it take to wind up a company via liquidation? There is no exact answer to this question as it largely depe...
23/03/2023

How long does it take to wind up a company via liquidation?

There is no exact answer to this question as it largely depends on the structure of the company and the specificity of the problems at hand with the business.

If you have been ordered by the court to liquidate your business, you should expect to have a liquidator appointed within two weeks.

This process may be as little as seven days if 90% of shareholders accept short notice following a statutory notice from creditors.

If you seek voluntary liquidation, it is up to the directors and shareholders to appoint an appropriate liquidator to begin the winding-up process.

Looking for liquidation advice? Speak with Fortis.

The initial conversation is free and strictly confidential.

Send us a message, call us on 0161 694 9955 or email [email protected].

With Fortis, you're never alone!

What if my cash flow problems aren’t temporary? Sometimes cash flow problems cannot be resolved. When this is the case, ...
09/02/2023

What if my cash flow problems aren’t temporary?

Sometimes cash flow problems cannot be resolved.

When this is the case, a Creditors’ Voluntary Liquidation may be your best option. Directors can action CVLs if the company becomes insolvent or the shareholders pass a winding-up resolution.

Once the CVL process begins, the company will cease trading, and the liquidation process will begin. Your appointed insolvency practitioner will liaise with creditors on your behalf, relieving any stresses you may have.

For some situations, a CVL may not be the best option, so an insolvency practitioner can advise you on what you should do next.

Free advice from Fortis:

If you’re concerned about your cash flow, contact Fortis today for free initial advice.

All conversations are strictly confidential. We’re here to remove your stress and find solutions that work for you! Call us on 0161 694 9955 or email us at [email protected].

Don't ignore your temporary cash flow problems! Like many things in life, ignoring your problems won’t make them go away...
07/02/2023

Don't ignore your temporary cash flow problems!

Like many things in life, ignoring your problems won’t make them go away. The same goes for cash flow problems. Ignoring them can leave you in an even worse position, so tackling them is best.

If you ignore them completely, your creditors will likely react by stopping any products or services they provide to you, which will massively disrupt your business operations.

If you get in your creditors' bad books for not paying, they may act against you via a winding-up petition to gain back any monies owed. A result of this could be Compulsory Liquidation.

You want to avoid this happening because it could mean that your future credit options are affected negatively, you may be seen as unreliable, and your reputation as a director or business owner could be damaged permanently.

Avoiding Compulsory Liquidation...

To avoid Compulsory Liquidation, you may opt into a Company Voluntary Arrangement (CVA). With a CVA, you can keep your business operational while negotiating arrangements to pay back your creditors.

You can request extended payment terms through these negotiations and even apply for debts written off.

If you’re concerned about your cash flow, contact Fortis today for free initial advice.

All conversations are strictly confidential. We’re here to remove your stress and find solutions that work for you! Call us on 0161 694 9955 or email us at [email protected].

My company is experiencing cash flow problems – what can I do? With the current cost of living crisis and economic reces...
02/02/2023

My company is experiencing cash flow problems – what can I do?

With the current cost of living crisis and economic recession, it’s very easy for businesses to be experiencing cash flow problems. When you have more money going out than coming in, this can cause stress and worry for business owners, so what can you do in this situation?

Assess your situation...

First and foremost, properly assess your cash flow situation. Is this a temporary problem or one you think can’t be resolved?

What has caused the cash flow problems? Have there been changes to the business? Is it the effects of increasing bills and inflation? Have your sales reduced, and if so, why?

Are your cash flow problems temporary?

If you’ve assessed your situation thoroughly and find that it’s only a temporary problem, then you may be able to delay some of your payments to your creditors. It can be worthwhile speaking with them to explain your situation and negotiate a delay on payments or different payment terms until your cash flow is back on its feet.

Many creditors would understand this situation, especially if you’re on good terms with them and have made prompt payments up until now.

You should be aware, however, that some creditors may not take this news lightly and may see it as a bad sign that you won’t be able to pay at all. They may restrict your services or reduce credit terms.

If you’re concerned about what to do, speak to the team at Fortis, who will be able to advise you on the best action to take.

It really can be that simple! ☺️ Take away your stress this year and speak with the Fortis team today!
26/01/2023

It really can be that simple! ☺️ Take away your stress this year and speak with the Fortis team today!

The Accelerated Payment Notice (APN) is a piece of legislation that was introduced to target taxpayers who have used leg...
24/01/2023

The Accelerated Payment Notice (APN) is a piece of legislation that was introduced to target taxpayers who have used legal tax avoidance schemes to shelter money.

A large number of business and Individuals in the United Kingdom who benefitted from tax gains via the Disclosure of Tax Avoidance Schemes (DOTAS) are now receiving Accelerated Payment Notices (APNs) which usually demand payment within a 90-day deadline period.

These demands offer no right of appeal and will cause a lot of companies in receipt of these notices to become insolvent as they struggle to meet the tax liability.

To learn more, speak with the Fortis team today for a free, confidential chat!

A number of successful businesses are faced with pressure from HMRC. It could be that you are behind with your VAT, PAYE...
19/01/2023

A number of successful businesses are faced with pressure from HMRC. It could be that you are behind with your VAT, PAYE or Corporation Tax payments to HMRC or you are unable to discharge liabilities in full. In most circumstances, these will be indicators to HMRC that your business could potentially be insolvent.

Any arrears to HMRC need to be dealt with immediately otherwise late or delayed payments can alert HMRC to outstanding debts and prompt them to issue a winding-up petition against your company. It is possible to speak to HMRC to discuss a Time To Pay arrangement (TTP) provided you have a sustainable cash flow and can make payments on time to discharge the arrears.

Speak with Fortis today if you are struggling with HMRC payments - we will be able to advise you on the best solutions over a free, confidential discussion. Call us on 0161 694 9955 or email us at [email protected].

We love receiving happy feedback from our clients - we make it our mission to go above and beyond to help take away stre...
17/01/2023

We love receiving happy feedback from our clients - we make it our mission to go above and beyond to help take away stress and provide solutions to those who need it. ☺️

A Company Voluntary Arrangement (CVA) is a legally binding agreement introduced by the government in 1986 as an alternat...
12/01/2023

A Company Voluntary Arrangement (CVA) is a legally binding agreement introduced by the government in 1986 as an alternative to companies facing liquidation.

It's used mainly by struggling businesses looking to repay the Company’s creditors over a period of time (usually up to 5 years) whilst continuing to trade with the prospect of once again regaining profitability. The procedure is legally binding which provides protection against legal actions commenced by creditors, allowing the Company to freeze all its unsecured debts and offer a revised repayment plan under new terms.

Speak with the Fortis team to learn more about CVAs and how they can help your business. Call us on 0161 694 9955 or email us at [email protected].

A Members’ Voluntary Liquidation (MVL) is used when the Shareholders of a solvent company resolve to close down the comp...
10/01/2023

A Members’ Voluntary Liquidation (MVL) is used when the Shareholders of a solvent company resolve to close down the company in order to realise the assets and distribute the funds to the members of the company.

MVLs are all about the tax planning...

The assets are sold and the proceeds of sale are used to discharge creditors in full and to cover the liquidator’s costs. All surplus funds are then returned to Shareholders in a tax efficient manner.

By definition, a solvent company is defined as being able to pay all of its debts and the value of its assets exceeds the sum of its liabilities.

Speak with us today to learn more about MVLs and how you can action on in your business!

We're here to make things simple and take away any stress you may have! Call us on 0161 694 9955 or email us at info@for...
05/01/2023

We're here to make things simple and take away any stress you may have!

Call us on 0161 694 9955 or email us at [email protected] for an initial free chat. All conversations are strictly confidential.

Address

683-693 Wilmslow Road
Didsbury East
M206RE

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 5pm

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