PERSONAL GUARANTEE (PG)

At the time signing a personal guarantee (PG) for that product that you really needed to help your business seemed like a great idea.  It was, until the day came when your business failed and you realised that you are now personally liable for a debt you cannot afford.

The first thing you need to do is not panic, no matter what the size of the debt.

Tenable Solutions Limited are experts at (pardon the cliche) "thinking outside the box", possibly giving you options you hadn't even considered.  Our sole aim as a company is to put our clients needs first, ensuring that they are protected.

If you have been stung by a Personal Guarantee why not give us a call to discuss your options?  The call is free and so is any initial advice!

0800 4 96 95 94 or EMAIL

THE TRUE COST OF DEFENDING A WINDING-UP PETITION....

If a creditor has issued winding-up proceedings against you company I am sure you will have be inundated with communication from various recovery organisations.  One of the first questions that we are normally always asked is in relation to cost. The general cost for Tenable Solutions Limited to defend your Winding-Up Petition is as follows:-
• First petition £500
• Second petition £750
• Third petition £1000
The above prices not only reflect representation at court to defend the Winding-Up Petition BUT includes our unrivalled after care service. Generally, a Winding-Up Petition signifies other problems; you may also have other creditors who are pressing or you may be simply having a “blip” in your cashflow. Whatever your issues we can help! Our main aim is to put you back in control of your business and to have a positive, profitable future.
Our record for defending Winding-Up Petitions is exemplary, we have an expert in-house legal department and this enables us to keep our costs to a minimum unlike other firms and indeed solicitors.
We understand the importance of your situation and want to make sure that you make the correct decisions at such a crucial crossroads in your business and as such we offer a free, confidential consultation. This could even be used as a second opinion for advice that you have already received.
We understand that the majority of business owners do not work “9-5” and as such we have an OUT OF HOURS SERVICE, a consultant will be on hand until 9pm in the evenings and on a weekend - this number is 07595 793236. Alternatively if you would like an informal chat during office hours or to arrange a FREE, no obligation consultation then please call do not hesitate to contact me on free phone 0800 4 96 95 94 or email

PHONE SITUATION UPDATE

13.30pm 20 May 2010....our phone lines have now been fixed and normal service resumes.  Sorry if this has caused anyone any inconvenience.

PROBLEM WITH THE PHONES!

Since the afternoon of Tuesday 18 May 2010 we have been experiencing problems with our phone lines.  A BT engineer visited yesterday and was unable to deal with it so we are now waiting for a BT Openworld engineer.  Hopefully this should be today!

If you have a query or you are an existing client please contact us via email or telephone 07595 793236 / 07951 145172.  Please leave a message should there be no answer.

COST EFFECTIVE DEBT COLLECTION!

There can be many reasons why businesses experience difficulties during a recession; your business may be successful it may just be struggling due to other people / businesses owing you money. Debt collection is a minefield! There are many misconceptions in this area and not many businesses know how to collect debts effectively, for the minimum cost and effort.


The words “debt collection” comes with a lot of stigma. Over the past few years this industry has been tarnished due to unlicensed companies (we hold a fully up-to-date consumer credit license; this allows us to legally collect debts). This makes it difficult for people to know where to turn when they need to collect a debt and many turn to their / a solicitor but this accrues large legal bills and you can end up spending more than the debt!

We are proud to say that we use effective AND lawful techniques to collect debts whether they are commercial or personal. Many debtors are using the current economic climate as an excuse for the debt and on the back of this are offering token payments in respect of their debts. We work solely for you and we will work with you to find a repayment that suits you – if this cannot be adhered to there are other options available which you may not have considered. If the debt is owed to you by an individual you could have a charging order placed on their property – this would mean that you hold a charge on their property and it would need to be paid prior to the sale of a house in the same way their mortgage would. Another option could be issuing a Stat Demand for bankruptcy; this is a very, very effective way to collect a debt especially if the debtor has assets or is afraid of the publicity that bankruptcy brings! You could even do both – this would mean that if the bankruptcy was granted you would still hold a charge on the debtor’s property. If the debt is owed to you by a company then there are also various routes you can go down, a petition can even be issued to “wind-up” the company.

Of course the above options are examples; your individual case would be assessed and then you would be advised on the best course of action. One thing is for certain though – we do not send numerous letters to the debtor in the hope that at some point they make contact. We use all our knowledge and facilities to get your money back and recover your costs.

If you would like to discuss how Tenable Solutions Ltd can assist your company please do not hesitate to give me a call for an informal chat.

0800 4 96 95 94 or EMAIL

JARGON BUSTING - THIRD PARTY DEBT ORDER

The cost to apply for a Third Party Debt Order is £100 (correct as of April 2010) and to apply you need to complete form N349 which is downloadable from the HMCS website.



It can be a very effective tool in collecting debts but it is quite complex.


Firstly, you need to have secured a CCJ against the debtor and the debtor needs to have either:-

a) Not paid the CCJ within the given timescale (by the court)


b) Not kept up to instalments


Once you have completed the Third Party Debt Order the court will freeze the debtors bank account and issue a date for a hearing. The debtor would be given no prior warning and would simply not be able to access any funds (and no funds will be able to be paid in), as with everything the debtor would be given the chance to appeal. At the hearing the judge would decide whether to grant the order and indeed pay the creditor from the funds held in the bank account.
This may all sound simple BUT there are several things to consider such as:-


• Not possible on a joint bank account unless both account holders are liable for the debt


• Only available if the debtors bank (head office) is in England or Wales


• The date is very important i.e. you need to be sure funds are in the account to cover the debt.


• If for example the CCJ is for £2000 and there is only £1999 then you would not get anything.


If you would like any advice on effective debt collection then please do not hesitate to contact me.

MORTGAGE BROKERS! WOULD YOU LIKE TO EARN AN EXTRA INCOME FOR FREE?

The past twelve months have been a learning curve for all businesses; many are tightening their belts in order to ride the financial storm and looking at different ways to increased profitability. Business recovery and turnaround is one of the few industries to thrive in a recession, we have a large client database and a plentiful lead source and we are giving businesses nationwide, the opportunity to “bolt on” business recovery and turnaround to their business.

We would like to invite you to a short, informal, free seminar these are held at our offices in Wakefield, West Yorkshire – courses are run weekly, during evenings and at weekends too. The seminar will give you the opportunity to ask any questions that you may have, discuss the range of packages available, to meet the team and to meet like-minded people who wish to increase profitability and to expand their business.

Once you have decided that you would like to join your business with Tenable Solutions Ltd, our IT department will (if required) set up your own personal website, this will hold your own contact details. You will also be set-up with your own unique telephone and fax number. Our marketing team will provide you with all of the marketing support that you need and can arrange for effective, local advertising in your area along with setting up and advising on internet marketing such as blogs, twitter, facebook etc.

One question that many people at the seminar ask is with regards to insurance, as this can be costly and time consuming. We are fully insured (professional indemnity), hold all of the correct licenses and you will be covered by Tenable Solutions Ltd at no expense.

We offer services which far out rival any of our competitors; all of our services are under one roof – nothing is outsourced. This enables us to keep our costs low and to be able to provide an unrivalled, cost-effective service for our clients. We also offer Tenable Business Support Service; this is available to all businesses – not just the ones struggling. Pure Financial Management is another company within our portfolio; this offers personal Debt Management Plans for individuals struggling with repaying their debts. Another branch of our company is business acquisitions, this is a unique concept within our industry and if the business is in your area or brought to the table by you / your sources then you will be guaranteed a shareholding.
From the brief little insight I have given to Tenable Solutions Ltd I am sure you will now appreciate how our consultants are earning in excess of £60,000 per annum. We have an experienced, professional, internal sales team that generate leads – using trained professionals ensures that all leads are genuine and qualified and that all the information is current and up-to-date.


Should you wish to discuss this matter further or would like a place reserving please do not hesitate to contact me.

0800 4 96 95 94 or EMAIL

Testimonials......

Have you seen our new testimonials page on our website?  These are all 100% genuine cases and we are proud to sing our own praises!!!