Shadow Finance

Are you looking for finance and cant find it !.

Bank been un-helpfull and difficult?, then you need shadow finance.
Our unique shadow finance has been designed for business's looking to expand or for business people wishing to start up their own company.

We at Tenable Solutions have the solution for any finance issue you m
ay be experiencing at this present time.

We can often give a positive decision within 24 hours of your first contact.

Contact us for an immediate response: or call 0800 4 96 95 94

Business Support

For the next 4 weeks we are having a try before you buy

Total 100% business support for 30 days FREE.

Call us for more details 0800 4 969594 or email



In these uncertain economic times we firmly believe in the importance of being proactive. This is how some companies survive while others fail. You may be a member of organisations such as Business Link or The Federation of Small Businesses but are they fulfilling your needs? Many companies that we come across have informed us that they are simply not receiving the required support. Other options may be to visit your solicitor; this can be costly and does not always solve the long-term problem.

To our knowledge the Business Support Service is a completely unique product; the package is tailor-made to suit your business’s individual needs. You will be given access to a personal account manager who will be on hand to provide support not just during office hours. We understand that most people in business do not work “9-5” therefore you can contact your personal account manager in the evenings and on weekends too. Whenever you feel you need some friendly, impartial advice.

All our services are in-house; we have a fully trained and experienced legal department as well as our own accounts department. Once you become a member of the Business Support Service you will be assigned your own personal account manager. Your account manager will oversee all of your queries and ensure that you have the answers quickly and in terms that you understand.

The Business Support Service can help you no matter what level you are at. It doesn’t matter whether you are a Sole Trader or a large Limited Company. We have a wealth of knowledge to assist and share with you. Just some of the services included in our package are:-

· On site visit from your Personal Account Manager (if required)


· Access to your Personal Account Manager during office hours, evenings & weekends


· Advice on all legal matters


· Ensuring that your assets are protected correctly


· Advice on effective debt collection


· Assistance on elegant exit strategies – do you want to sell?


· HMRC advice – to ensure you are being compliant and to solve any problems / queries


· Advice on cashflow issues


· Help raising finance


· Financial planning advice – both short & long-term


· Assistance with CCJ’s, Stat Demands, Winding-Up Petitions, Writs of FIFA


· Monthly Newsletter


FREE Credit Checks for Members

The above list is not conclusive; if you have a specific requirement that is not listed please do not hesitate to contact us for a friendly, informal chat.

Once you become a member of the Business Support Service you will be issued with a membership card. From the moment you register with us you can begin to utilise our services and knowledge on the issues that concern you.

tenable business support

Effective Tips to avoid Bankruptcy

Bankruptcy is the ultimate thing, which an individual would not want to happen in his entire life. This is because; bankruptcy not only hampers the credit score but also leads to large amount of public humiliation. However, fortunately there are many ways through which an individual can avoid bankruptcy.

Here are some tips that will help you to avoid bankruptcy

Talk with your creditors: The first and foremost thing you need to do to avoid bankruptcy is to talk freely with your creditors about your financial position. If you file for bankruptcy then it will affect your creditors heavily hence they will also not want you to go into bankruptcy. So talk to your creditors first and seek help for your debt if you want to avoid bankruptcy.

Debt Management: In this, a debt management firm or a counseling agency helps you to reduce your penalties and interest rates. You just have to make monthly payments to the company and manage your bills which in turn help you to avoid bankruptcy.

Debt settlement: This is where you negotiate to reduce your debts with creditors when you are not even able to keep up with the minimum payments. This can help you to reduce your debt by 40-60% of your existing balance.

Consolidate your debt: It is the process in which you take out a low interest loan to pay your debts. This is one of the best ways to avoid bankruptcy as it helps you to pay off your other debts and save money for emergencies.

Payday loan consolidation: This is the best way to avoid bankruptcy for those who are struggling with payday loans. In this, you replace multiple payday loans with a monthly payment which is affordable to you.

Work More: If you work more you will get more money and you will be able to pay off your debts and hence avoid bankruptcy.

Sell your assets: Selling assets is one of the most effective ways of avoiding bankruptcy. Downgrade or move to a smaller house, look for things which you think that can be worth selling. You will find plenty of things in your home that are of no use to you but can fetch you a good amount.

Keep an eye on your spending: Looking at life as a series of plans and goals always helps. Make the idea of getting out of debt your priority and stay adhered to it. Reduce all the expenses which you think you can be avoided and concentrate on spending wisely.

To sum up, analyzing the financial solutions and then selecting the best solution to the debt problem is the key to avoid bankruptcy. You can use any of these tips to consolidate your financial position and free yourself from the harmful effects of bankruptcy.

We can buy your business: FAST

To say that the last few years have been difficult is an understatement so many companies have had no choice but to close their business.  Even though you are still trading this does not mean that the pressure has eased, you still have wages, overheads and bills to pay – the stress that this can cause is phenomenal.  

I am sure that when you made the decision to establish your business this is not what you expected.  Many of the businesses we have spoken to feel let down by the banks and the government, they feel that they have been unsupported and left to ride the financial storm alone.  

Understandably many business owners are looking for solutions, a way to put them back in control of their livelihood and life.  There are many options available, you can simply close your doors and lose everything that you have worked so hard for, you can do nothing and wait for the decision to be made for you by a creditor OR you can sell your business.  

You may not have before considered this as a viable option. 

Do you genuinely know what your business is worth? It may be worth more than you think.  If you sold your business you would be released from the strain that you are currently feeling, you would have the funds to start again or if the time is right, to retire.  

Your company will be fully, professionally and fairly valued.  The assessment is free and there is no obligation.  I am sure you would be pleasantly surprised with the findings!

If you would like more information or for a friendly, informal chat please do not hesitate to contact us.

we can buy your business.co.uk 

Scam: European City Guide

We’ve got a client who is being pursued by the European City Guide at the moment. Please see the below links:

http://david.baldaro.me.uk/2010/02/european-city-guide-scam/

http://stopecg.org/

http://freespace.virgin.net/gp.ck/ECGscam.htm

http://www.richardcorbett.org.uk/stopecg.htm

And finally the website itself….

http://www.eurocityguide.com/

Most government bodies have informed the victims of this scam to not pay as they have not yet taken anyone to court in Britain. I just think they are wrong for doing this.

BUSINESS OWNERS......ARE YOUR ASSETS PROTECTED?

The information provided on this blog can save your business and its assets.



As companies tighten their belts to ride the financial storm, they are thinking of effective ways to collect their debts. This means that more companies are being issued with County Court Judgements (CCJs); these may be justified or may be part of a dispute. A CCJ can be a slippery downward spiral to financial ruin unless you act fast.

If a bailiff walked into your premises today (if your premises are solely commercial they do not need permission) are your assets protected? Could they take them? In 99.9% of the businesses we visit there is no protection and the bailiffs can legally take goods.


Tenable Solutions Limited main aim is to protect the business, directors and their assets. Many people are under the impression that a Directors Loan offers protection – the simple fact is it doesn’t. If the company closes (or is forced to close) the Directors Loan would not receive any preference over any other creditor.


Worryingly, many businesses rely on their accountant to protect their assets and they are not aware of the quandary they could find themselves in even if the debt is disputed.

If you would like to discuss this matter further or to arrange a free consultation please do not hesitate to contact us on

0800 4 96 95 94

Third party debt order - Pros and cons

The cost to apply for a Third Party Debt Order is £100 (correct as of February 2011) 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 more information regarding debt collection then please do not hesitate to contact us on freephone 0800 4 96 95 94.

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.

WHAT IS A "LPA RECEIVER"? AND WHAT ARE THEIR POWERS?

Definition

The name LPA Receiver is the shortened version of “Law of Property Act 1925 Receiver”. The LPA Receiver is a person (or company) who is appointed to take charge of a mortgaged property when the borrower has defaulted. The main aim is to either sell the property or to collect a rental income for the lender. They are commonly used when property developers fail when their borrowings will largely be secured on specific properties.


Extent of the LPA Receivers powers


The only direct powers that the LPA Receiver has under Section 109 of the Law and Property Act 1925 are:-

• To demand and recover all income due (including rent) on the property that they are appointed receiver on. This can be recovered by action, distress or any other means needs. They are required to provide valid receipts for income (or other) taken.
• If directed by the mortgage lender the receiver can insure and keep insured against loss or damage by fire. This can be taken by from money received by the receiver and can be used against anything compromised in the mortgage.

Delegated Powers


If desired the lender can also delegate its contractual powers to the receiver; this is under section 109(3) of the Law and Property Act 1925. If the lender wishes to delegate its contractual powers this must be done in writing. The contractual powers generally are:-


• The power to sell the mortgaged property on such terms as the receiver sees fit
• When the lender is in possession of a property it has the power to cut and sell timber and other trees after consulting with a qualified arboricultarist.
• The power to make leases

Contractual Powers


An LPA Receiver’s powers are limited to section 109 and 109(3) of the Law and Property Act 1925.

Application to court for directions


The LPA Receiver or mortgage lender may apply to the court on matters of uncertainty about the appointment, powers or remuneration of the receiver.


Application of insurance money

The lender can require that all monies received in connection with insurance of the mortgaged property be applied as follows:-

• Towards the discharge of the mortgage money owed.

• To recoup monies, loss or damage to which the funds are for.

Remuneration for the LPA Receiver

The receiver is entitled to retain out of any monies received (after discounting costs) a rate not exceeding 5% unless specified otherwise. If an application to the court has been made, they can also specify the rate of remuneration dependant on the individual case.

PERSONAL GUARANTEES - The Dangers

With the uncertain economic climate many companies are requesting a Personal Guarantee (PG) against many credit accounts / leases etc. Once this is signed it means that the director of the Limited Company is no longer protected against debts if their company fails. Signing a Personal Guarantee (PG) can be very, very risky – especially if the director has assets such as a house.



Companies offering credit are feeling the pinch at the moment, a Personal Guarantee further ensures that they will not be out of pocket should the Limited Company fail. If a director signs a Personal Guarantee and their business diminishes then the company will pursue the matter through the court to fulfil the debt. There are various routes that they can go down such as a charging order, interim order or bankruptcy.

Prior to signing any agreements you need to seek professional advice, this is to ensure that you are protected. We see many people who have unwittingly signed agreements with Personal Guarantees (PG) – once the agreement has been signed there is not much that can be done about it. It is imperative that advice is sought prior to signing.

If you need assistance with any agreements or if you have a Personal Guarantee which is currently being enforced then do not hesitate to contact us.

0800 4 96 95 94 or EMAIL

Winding-Up Petiton - What are the options?

Ok so your company has just been issued with a Winding-Up Petition; it sounds very scary doesn’t it? Especially when you realize that it is going to be heard in front of a Judge at the Royal Courts of Justice in London. How daunting is that? The Royal Courts of Justice! Understandably you may walk around in a daze for a few days, unable to think straight or to come up with an action plan. Just as it does start to settle in and you realize you need to take action you will begin to be bombarded with letters from companies offering their services; how do you choose who is the best?


You may have business associates that you feel you can turn to, you may even discuss matters with family and friends but remember that this is your livelihood and your future solely depends on your next move. Because it’s such an important matter you may think that you must see your Solicitor?


Before you do anything, just pause and try to think logically.


Without slating any other profession Solicitors are renowned for extortionate fees and not all Solicitors specialize in corporate insolvency. Does this really sound like your best option? I am sure you will agree it doesn’t. So your next option would be to go to an Insolvency Practitioner, now these are renowned for being the grim reapers of business; the “ambulance chasers”. Again I am sure you have heard about the exorbitant fees they can charge. So……where does this leave you?


You need a common sense approach, a company that can get great results while still being cost-effective; Tenable Solutions Limited can help from the minute you receive your petition. We speak in terms that you will understand and not bamboozle you with legal jargon. Our fee structure is simple to understand and we have no hidden fees. All our rescue packages are tailor-made to your requirements so you can have as little assistance or as much assistance as you need. Our record for defending Winding-Up Petition is exemplary, even if the hearing as already been adjourned.


You may be reading this and thinking that you don’t want to save your business; that you want to shut the doors as this has been the final straw. That’s all well and good BUT there are things you need to consider:-


• Have you been compliant with HMRC?
• Have you taken dividends when the company hasn’t taken a profit?
• Have you got a Directors Loan (you would lose this)?
• Have you signed Personal Guarantees with any creditor?


If you have answered “YES” to any of the above then you seriously need to get urgent advice before making any decision as you could end up losing everything!


We at Tenable Solutions Limited understand the effects a Winding-Up Petition can have both mentally and physically on the Directors, our first step is to have an informal chat about your options. Talking your problems, your hopes and your fears through with an expert can make the situation seem much brighter and you may find that you can focus on the future.


If you would like an informal, free, no obligation chat with one of our experts then do not hesitate to contact us on freephone 0800 4 96 95 94 or EMAIL

A WINDING-UP PETITION DOESN'T HAVE TO SIGNIFY THE END!

Ok, so you may have just been issued with a Winding-Up Petition, more than likely this would be for a hearing in front of a Judge at the Royal Courts of Justice in London.  This can be a scary and daunting time and it won't be long before countless letters start dropping on your desk from various organisations offering their assistance (for a cost!).  Your inital reaction may be to take advice from other associates, maybe even friends - this could cost you thousands!  Many people think that the best advice they can get is from a Solicitor - without slating the profession they are renowned for extortionate fees which will not help when money is the whole reason you've been issued with a Petition.

Tenable Solutions Limited excel in offering a cost-effective service to defend the Winding-Up Petition, this would mean that you wouldn't even have to attend court.  Once you pass your case onto Tenable Solutions Limited you can begin to focus on saving your business and increasing cashflow. 

If the issue of a Winding-Up Petition has been the "icing on the cake" for you and you have decided you want to just "get out", Tenable Solutions Limited can arrange for you to sell your business and to walk away with "money in your pocket".

If you would like to discuss your options further without obligation then do not hesitate to contact us on freephone 0800 4 96 95 94 or EMAIL.