A County Court Judgment (CCJ) can cripple your credit your credit file and can make it impossible to get credit – this doesn’t just mean getting a new car or a loan but can ruin have a negative impact on getting a new mortgage deal. CCJ’s aren’t just received by people who have been frivolous with their money, they can be disputes gone sour or can be obtained through no fault of their own for redundancy or change in circumstances. The current economic climate means that more and more people are finding themselves in this kind of financial quandary.
It can be very frightening when court papers land on your doorstep – especially if you have never seen them before; they can be very confusing and there are all sorts of different deadlines. Our first recommendation would be not to panic and to seek professional advice; this doesn’t have to be costly and can save you a lot of problems in the future. You may be aware that if you pay the balance of the CCJ within thirty days of the CCJ being registered then it can be removed without a trace – if you settle after this period then although it will be marked as ‘satisfied’ it will stay on your credit file for six years. If you can settle the full balance within the thirty fantastic! You don’t have a problem. If you can’t settle the debt in full you may think there is nothing you can do other than pray that for the next six years you do not need any form of credit! If you do then you are wrong; but be very careful as there are many companies declaring they can ‘clean up your credit’ – the truth is this is impossible BUT we can genuinely help you to get the creditor to agree to remove the CCJ – we can do this on your behalf.
Our unique, completely legal, tried and tested method can work even if you cannot pay the balance in full. We can negotiate with your creditor in a partial settlement or even that you will pay in instalments and get it removed - It can even be used on old CCJ’s!
If you would like to have an informal chat on how we could help you to remove any of your CCJ’s then please do not hesitate to contact us.
Thursday, 7 October 2010
Friday, 24 September 2010
PERSONAL DEBTS.........
Financial problems can cause a vast amount of emotional stress, it can put a strain on families and it has even been cited as the reason for many relationship breakdowns.
Many people are ashamed of debt, they hide their problems from their loved ones in the hope that it will somehow vanish; burying their head in the sand is only a short term solution. It is difficult to hide from your family when bailiffs are knocking at the door! Tackling debts head on is the only way to deal with them and as the old saying goes “a problem shared is a problem solved”!
The first step is to do a good old fashioned budget, write down all the household incomings and outgoings (not including debts) and see where cuts can be made, the amount you can afford to pay to your creditors is the figure left when you deduct your outgoings from your income.
Pure Financial Management understand that it can be quite daunting to attempt to try and negotiate with your creditors, if I am honest most creditors do prefer to deal with a third party as this proves that you are serious about clearing your debts. Pure Financial Management specialise in offering a debt consolidation plan, not dissimilar to a debt management plan but it has a term and once your term is ended you are debt free!
Pure Financial Management understands that everyone’s situation is different; our account managers are specially trained to find a solution that is right for you. You can apply online or over the phone. We also appreciate that many of our clients work and are busy therefore we offer an email support.
If you would like more information or for an informal chat please do not hesitate to contact Pure Financial Management on 0800 4 96 95 94
Many people are ashamed of debt, they hide their problems from their loved ones in the hope that it will somehow vanish; burying their head in the sand is only a short term solution. It is difficult to hide from your family when bailiffs are knocking at the door! Tackling debts head on is the only way to deal with them and as the old saying goes “a problem shared is a problem solved”!
The first step is to do a good old fashioned budget, write down all the household incomings and outgoings (not including debts) and see where cuts can be made, the amount you can afford to pay to your creditors is the figure left when you deduct your outgoings from your income.
Pure Financial Management understand that it can be quite daunting to attempt to try and negotiate with your creditors, if I am honest most creditors do prefer to deal with a third party as this proves that you are serious about clearing your debts. Pure Financial Management specialise in offering a debt consolidation plan, not dissimilar to a debt management plan but it has a term and once your term is ended you are debt free!
Pure Financial Management understands that everyone’s situation is different; our account managers are specially trained to find a solution that is right for you. You can apply online or over the phone. We also appreciate that many of our clients work and are busy therefore we offer an email support.
If you would like more information or for an informal chat please do not hesitate to contact Pure Financial Management on 0800 4 96 95 94
Wednesday, 18 August 2010
CONSOLIDATION LOANS....ARE THEY YOUR BEST OPTION?
There are so many people scouring the internet as I write this deperatley searching for a consolidation loan. They are struggling with existing credit agreements and believe that having one monthly would solve all of their problems. In their search they are targeted by unethical loan broker companies who charge extortionate fees (normally £69.50) to offer a guarantor loan OR debt counselling!
What they don’t realise is that getting a loan in this day in age (even with a good credit rating) is almost impossible. So if they can’t get a consolidation loan......what can they do?
The answer to this is simple; they can arrange a debt consolidation plan. This a fantastic way to utilise monies already borrowed to their own advantage. All of their unsecured debts (including payday loans, loans, credit cards, store cards, catalogues etc) are added together (like a consolidation loan), you pay Pure Financial Management one affordable monthly payment and they distribute it between your creditors. This means that all the harassing phone calls stop, the nasty letters cease and you are free to regain financial freedom!
Once Pure Financial Management have received up-to-date balances from their creditors they will give an exact term for the plan. This will be the time that it will take to become debt free!
If you would like to have an informal discussion, or a quotation please give them a call on freephone
What they don’t realise is that getting a loan in this day in age (even with a good credit rating) is almost impossible. So if they can’t get a consolidation loan......what can they do?
The answer to this is simple; they can arrange a debt consolidation plan. This a fantastic way to utilise monies already borrowed to their own advantage. All of their unsecured debts (including payday loans, loans, credit cards, store cards, catalogues etc) are added together (like a consolidation loan), you pay Pure Financial Management one affordable monthly payment and they distribute it between your creditors. This means that all the harassing phone calls stop, the nasty letters cease and you are free to regain financial freedom!
Once Pure Financial Management have received up-to-date balances from their creditors they will give an exact term for the plan. This will be the time that it will take to become debt free!
If you would like to have an informal discussion, or a quotation please give them a call on freephone
0800 4 96 95 94 or EMAIL
Friday, 2 July 2010
THE TRUTH ABOUT CONSOLIDATION LOANS AND £69.50 BROKER FEES!
Applying for a Consolidation Loan may seem like a quick fix, especially when you have numerous creditors and arrears. The truth is if you have arrears, defaults and CCJs these loans are non-existent - many people are taking the desperate measures of paying these so called “brokers” a fee (normally £69.50) in the hope of finding a solution. Once you have paid this money you will normally be issued with an application form to apply for a guarantor loan or offered debt counselling. The Office of Fair trading are investigating these various brokers but in the meantime they continue to take these unlawful broker fees from desperate people!
There are other options available. You may have not considered the fact that a Debt Management Plan (DMP)may be the best option – it can instantly stop the worry and you are paying your debts with one affordable payments as opposed to borrowing more money.
For example, if your total debts totalled £6825 and we were made up of loans, catalogues and payday loans etc and you could comfortably afford to pay £175. This would mean that you would be debt free in 49 months. The amount you pay per month depends on what YOU decide therefore if you could pay £250 per month you would be debt free in 35 months.
A DMP is a convenient way to pay your debts and to stop the harassment from creditors. You pay your monthly instalment to us on an agreed date each month and we distribute the payments between your creditors. We negotiate with them to ensure that the harassing phone calls stop and they stop adding late payment charges and interest.
If you have fallen foul of the “broker” fee we can help! Our debt advisors will assist you in getting a refund within 28 days (although the brokers are allowed to deduct a £5 admin charge). This is all in our service.
If you would like to have a friendly, informal chat about how Pure Financial Management could help you – please do not hesitate to get in touch.
There are other options available. You may have not considered the fact that a Debt Management Plan (DMP)may be the best option – it can instantly stop the worry and you are paying your debts with one affordable payments as opposed to borrowing more money.
For example, if your total debts totalled £6825 and we were made up of loans, catalogues and payday loans etc and you could comfortably afford to pay £175. This would mean that you would be debt free in 49 months. The amount you pay per month depends on what YOU decide therefore if you could pay £250 per month you would be debt free in 35 months.
A DMP is a convenient way to pay your debts and to stop the harassment from creditors. You pay your monthly instalment to us on an agreed date each month and we distribute the payments between your creditors. We negotiate with them to ensure that the harassing phone calls stop and they stop adding late payment charges and interest.
If you have fallen foul of the “broker” fee we can help! Our debt advisors will assist you in getting a refund within 28 days (although the brokers are allowed to deduct a £5 admin charge). This is all in our service.
If you would like to have a friendly, informal chat about how Pure Financial Management could help you – please do not hesitate to get in touch.
0800 4 96 95 94 or EMAIL
Wednesday, 30 June 2010
CREDIT CARD WRITE-OFFS INCREASE
As seen on the BBC News website today there has been a further rise in the amount of credit card debts being written off by UK banks and other lending institutes.
Bank of England figures show that in the first three months of 2010 write-offs rose to £1.25bn. That was the second highest quarterly amount on record. Last year, a record £4.12bn was written off by credit cards lenders which amounted to 10% of all money lent on credit cards.
£160m was the amount of money written off on mortgages which is the lowest quarterly figure for 18 months. The number of repossessions in the UK also fell by 7.5% in the first quarter of 2010 to 9800.
The Bank of England have been quoted as saying that these losses have been the prime factor in the increase on the interest payable. Statistics show that the average UK credit card rate was 15.51% in April this year which is slightly higher than July 2007 where the rate was 15.2%.
Bank of England figures show that in the first three months of 2010 write-offs rose to £1.25bn. That was the second highest quarterly amount on record. Last year, a record £4.12bn was written off by credit cards lenders which amounted to 10% of all money lent on credit cards.
£160m was the amount of money written off on mortgages which is the lowest quarterly figure for 18 months. The number of repossessions in the UK also fell by 7.5% in the first quarter of 2010 to 9800.
The Bank of England have been quoted as saying that these losses have been the prime factor in the increase on the interest payable. Statistics show that the average UK credit card rate was 15.51% in April this year which is slightly higher than July 2007 where the rate was 15.2%.
Tuesday, 29 June 2010
PURE DEBT SOLUTIONS APPEAR TO BE UP TO OLD TRICKS!
It looks like Pure Debt Solutions are up to old tricks! This time they appear to be making unsolicited cold calls to individuals. If you have stumbled across this blog whilst searching for information on Pure Debt Solutions then I recommend that you report the company to TPS (Telephone Preference Service) - they can be contacted on 0207 2913320 - although the calls are annoying try and take as many details as you can about them (such as address, telephone number) as this will help TPS take action.
Tenable Solutions Limited does run a debt management company called Pure Financial Management but we do not have an outbound sales team.
Last year we had calls from worried individuals who had paid money to Pure Debt Solutions for a Debt Management Plan which didn't exist, it appears now they are looking for new clients with their abhorent sales techniques!
If you do have concerns about personal debts and would like some friendly, impartial advice then please do not hesitate to contact me.
Tenable Solutions Limited does run a debt management company called Pure Financial Management but we do not have an outbound sales team.
Last year we had calls from worried individuals who had paid money to Pure Debt Solutions for a Debt Management Plan which didn't exist, it appears now they are looking for new clients with their abhorent sales techniques!
If you do have concerns about personal debts and would like some friendly, impartial advice then please do not hesitate to contact me.
0800 4 96 95 94 or EMAIL
Tuesday, 1 June 2010
HMRC Debts
Many people are still not aware that HMRC (Her Majestys Revenue & Customs) are NOT preferencial creditors. Simplified this means that they do not have any preference over any of your other creditors and should be dealt with in the same way. The only difference with HMRC is that they can and will use effective methods in which to collect monies owed. This could be by issuing a CCJ (County Court Judgment) followed by visits from bailiffs (and don't forget if your premises are solely commercial they can enter without permission) or even a Winding-Up Petition. This information is not meant to scare you but to make you realise that you need to tackle your debts head on - the debts will not go away.
You could contact your creditors yourself and try to organise a payment plan but you need to be very careful that you do not show preference to any creditor, you also need to ensure that you payments are realistically affordable and not just a random figure given as a knee jerk reaction. This is very time consuming and you may find that whilst you are negotiating with your creditors (who will play hard ball to get as much money from you as possible) you are not spending the time required earning money for your business. It's a chicken and the egg situation!
There are lots of solutions available and of course, your situation will be unique to you therefore it is imperative that you recieve the best advice possible from a company that will work solely on your behalf. Ensuring that your needs are met and that you are fully protected before your creditors recieve anything!
If you would like to have an informal chat on how Tenable Solutions Limited and its subsiduaries can help you please do not hesitate to contact me on 0800 4 96 95 94 or if you prefer you can email me for a speedy response. Any contact is treated in the strictest of confidence and all advice is given without obligation.
You could contact your creditors yourself and try to organise a payment plan but you need to be very careful that you do not show preference to any creditor, you also need to ensure that you payments are realistically affordable and not just a random figure given as a knee jerk reaction. This is very time consuming and you may find that whilst you are negotiating with your creditors (who will play hard ball to get as much money from you as possible) you are not spending the time required earning money for your business. It's a chicken and the egg situation!
There are lots of solutions available and of course, your situation will be unique to you therefore it is imperative that you recieve the best advice possible from a company that will work solely on your behalf. Ensuring that your needs are met and that you are fully protected before your creditors recieve anything!
If you would like to have an informal chat on how Tenable Solutions Limited and its subsiduaries can help you please do not hesitate to contact me on 0800 4 96 95 94 or if you prefer you can email me for a speedy response. Any contact is treated in the strictest of confidence and all advice is given without obligation.
Wednesday, 26 May 2010
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!
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
Friday, 21 May 2010
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
• 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
Thursday, 20 May 2010
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.
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.
Tuesday, 18 May 2010
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.
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
Monday, 17 May 2010
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.
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.
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
Friday, 7 May 2010
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!!!
Thursday, 22 April 2010
FREE NEW BUSINESS SEMINARS......
Starting a business at any time can be tough but unexpected events such as redundancy may have left you no alternative but to “go it alone” on the crest of the recession. There are so many decisions to make and so many different avenues for you to explore that it can be challenging to know where to begin.
For the past six months we have successfully been holding free, short and informal monthly seminars for people who have made the decision to brave the storm, decide their own future and set-up their own business. The content of the seminars vary dependant on the attendees and the topics covered can be decided by you.
Some of the topics that attendees have previously wanted to look at are:-
• The difference between sole-trader and limited and the pros and cons
• Protecting assets
• HMRC and how to ensure you are compliant
• VAT registration
• Accountancy advice
• Marketing – online / offline
• Sourcing funding
• Federation of Small Business / Chamber of Commerce membership pros and cons
• Employing staff
• Cashflow
You may be wondering why we run these FREE seminars; the answer to this is simple! Tenable Solutions Limited specialises in business recovery and turnaround. Day in day out we see the mistakes that many people make and IF the worst happens and the business wasn’t set up correctly it can result in expensive legal costs and people losing assets such as their homes etc. We actively encourage business owners to be pro-active in their business and as such we formed Tenable Business Support to avoid any problems that may occur further down the line.
To reserve your place on our next free, informal monthly seminar please contact me on 0800 4 96 95 94 or EMAIL me.
For the past six months we have successfully been holding free, short and informal monthly seminars for people who have made the decision to brave the storm, decide their own future and set-up their own business. The content of the seminars vary dependant on the attendees and the topics covered can be decided by you.
Some of the topics that attendees have previously wanted to look at are:-
• The difference between sole-trader and limited and the pros and cons
• Protecting assets
• HMRC and how to ensure you are compliant
• VAT registration
• Accountancy advice
• Marketing – online / offline
• Sourcing funding
• Federation of Small Business / Chamber of Commerce membership pros and cons
• Employing staff
• Cashflow
You may be wondering why we run these FREE seminars; the answer to this is simple! Tenable Solutions Limited specialises in business recovery and turnaround. Day in day out we see the mistakes that many people make and IF the worst happens and the business wasn’t set up correctly it can result in expensive legal costs and people losing assets such as their homes etc. We actively encourage business owners to be pro-active in their business and as such we formed Tenable Business Support to avoid any problems that may occur further down the line.
To reserve your place on our next free, informal monthly seminar please contact me on 0800 4 96 95 94 or EMAIL me.
Thursday, 4 March 2010
THE TRUE COST OF DEFENDING A WINDING-UP PETITION......
If you have recieved a Winding-Up Petition then I am sure you will have received lots of communication from various different organisations. Please don’t disregard this blog as we genuinely can help you and it won’t be as costly as you may think!
One of the first questions that we are 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 fantastic 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 be 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 you can email me.
One of the first questions that we are 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 fantastic 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 be 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 you can email me.
Friday, 12 February 2010
THE LAW ON WATER DISCONNECTION...............
Section 7 of the Water Industry Act [1999] prohibits the disconnection of residential water supply. This extract is from the explanatory notes from the act, which explains it more clearly:
Disconnection
7. Until now, if consumers did not pay their water and sewerage bills, water companies had the power to disconnect the supply. Water companies also argued that they were not prohibited from restricting the amount of water available for a consumer's use if they did not pay their bill. The Act removes the power to disconnect water supply for non-payment, or to limit the supply with the intention of enforcing payment, from a list of different premises. These premises are private dwelling houses, caravans, houseboats, houses in multiple occupation and sheltered accommodation (where these are someone's main home) and children's homes, residential care homes, prisons and detention centres, schools, premises used for children's daycare, institutions of further and higher education, hospitals, nursing homes, GPs' and dentists' surgeries (including surgeries set up as primary care pilot schemes) and premises occupied by the emergency services.
If you are having problems with arrears with any utilities (either commercial or domestic) do not hesitate to give me a call for some friendly, impartial advice.
Disconnection
7. Until now, if consumers did not pay their water and sewerage bills, water companies had the power to disconnect the supply. Water companies also argued that they were not prohibited from restricting the amount of water available for a consumer's use if they did not pay their bill. The Act removes the power to disconnect water supply for non-payment, or to limit the supply with the intention of enforcing payment, from a list of different premises. These premises are private dwelling houses, caravans, houseboats, houses in multiple occupation and sheltered accommodation (where these are someone's main home) and children's homes, residential care homes, prisons and detention centres, schools, premises used for children's daycare, institutions of further and higher education, hospitals, nursing homes, GPs' and dentists' surgeries (including surgeries set up as primary care pilot schemes) and premises occupied by the emergency services.
If you are having problems with arrears with any utilities (either commercial or domestic) do not hesitate to give me a call for some friendly, impartial advice.
0800 4 96 95 94 or EMAIL
Thursday, 11 February 2010
TESTIMONIALS NOW ADDED TO WEBSITE!
We feel that adding a testimonials section to our website gives confidence to potential new clients. Within our industry there are so many "cowboys" and we are working hard to prove that we are unique in the service that we provide!
On completion of a case each client is sent a satisfaction questionnaire, this asks for positive and negative comments and we have been happy with the results!
To have a look at the wide variety of testimonials recieved click here! As you will see all company names have been removed in accordance to the Data Protection Act 1998 and to protect our clients integrity.
On completion of a case each client is sent a satisfaction questionnaire, this asks for positive and negative comments and we have been happy with the results!
To have a look at the wide variety of testimonials recieved click here! As you will see all company names have been removed in accordance to the Data Protection Act 1998 and to protect our clients integrity.
Wednesday, 27 January 2010
Enforcing a CCJ in Scotland
Scottish Law on debt enforcement is different to English.
If the debtor lives in Scotland but the claimant is in England a CCJ can be sought at an English County Court. Once the judgment has been issued it then needs to be registered in Scotland.
To do this a covering letter, with the judgment and a cheque for £10.00 needs to be sent to:-
Registers of Scotland
Erskin House
68 Queen Street
Edinburgh
EH2 4NF
Tel: 0131 4793630
The claimant will then receive a “black booklet” back; this means the judgment has been registered and can now be enforced.
To enforce the debt you need to contact a Sheriffs Officer local to the debtor, they will then (after paying a fee, generally around £62) serve a charge for payment on the debtor. This orders the debtor to pay the full balance plus costs within 14 days.
If the 14 day passes and the debt hasn’t been paid then there are various option available such as bank account arrestment. All of these incur further costs and each individual case is different and would need to be discussed.
If you have a query relating to this and would like to discuss matters further, please do not hesitate to get in touch.
EMAIL or call 0800 4 96 95 94
Wednesday, 13 January 2010
VALIDATION ORDER....
If you have been issued with a Winding-Up Petition your bank account will be (if not already) frozen. This will mean that you are unable to use the funds in your bank to pay bills and wages etc. This can be a crippling time for any business even if they have the funds to pay the petition.
There are things that can be done, a Validation Order is one of them. This enables the business to utilise the funds in the bank.
It is complex but we can assist you.
If you would like any advice on validation orders then please contact me.
There are things that can be done, a Validation Order is one of them. This enables the business to utilise the funds in the bank.
It is complex but we can assist you.
If you would like any advice on validation orders then please contact me.
EMAIL or call 0800 4 96 95 94
Thursday, 10 December 2009
JARGON BUSTING......WARRANT OF EXECUTION
Once a Judgement has been issued against the debtor the creditor can apply for a Warrant of Execution at any point if the debt is between £50 and £5,000 (in Scotland between £600-£5,000). If the debt is over £5,000 then the High Court would enforce the debt in the same way but this is known as a Writ of FiFa.
The Warrant of Execution will be calculated by the amount of the judgment; plus the court fees and if granted, the creditor’s costs. Statutory interest cannot be sought of judgement debts of less than £5,000.
Once the Warrant of Execution has been issued the court will transfer the judgement to the debtor’s local County Court, in turn they will write to the debtor informing them of the Warrant of Execution. This letter gives the debtor 7 days to pay the amount of the Warrant in full without further action. If the debtor pays within this time frame then the Warrant of Execution is cancelled and the monies are paid to the creditor.
During the 7 day period the debtor may apply for the Warrant of Execution to be suspended. This application must state a valid reason (i.e. offer to pay the judgment by instalments). The court would then notify the creditor of the application to suspend the Warrant. If the creditor contests the application the court will list the application for a hearing. The court would then decide whether to uphold the application to suspend or whether the Warrant of Execution still stands. (The debtor has to pay a fee to the court to apply to suspend the Warrant of Execution).
If the debtor fails to pay or apply for the Warrant of Execution to be suspended, the bailiff will usually within 15 working days visit the debtor at their home address. They will attempt to identify items which can be sold to recover the debt. Certain items are unable to be taken and the County Court Bailiff has to follow strict guidelines as to how they can take the goods. They are not allowed to break into any property – entry must be via a “peaceable” method such as unlocked door, window. If the bailiff is let into the property by a bailiff he can take payment there and then or may take an inventory of goods. This is known as a “walking possession order”. This means that if payment is not made the bailiff may / will revisit and take the goods. At this point the bailiff is allowed to break into the property if he has entered the property “peacefully” before.
A Warrant of Execution lasts for a period of one year from the date of issue. If the creditor wishes to extend the Warrants life beyond one year they must supply the court with sufficient reasons for this to be granted and unless there are exceptional circumstances this should be done prior to the Warrant of Execution expiring. There is a fee to extend the Warrant of Execution.
The Warrant of Execution will be calculated by the amount of the judgment; plus the court fees and if granted, the creditor’s costs. Statutory interest cannot be sought of judgement debts of less than £5,000.
Once the Warrant of Execution has been issued the court will transfer the judgement to the debtor’s local County Court, in turn they will write to the debtor informing them of the Warrant of Execution. This letter gives the debtor 7 days to pay the amount of the Warrant in full without further action. If the debtor pays within this time frame then the Warrant of Execution is cancelled and the monies are paid to the creditor.
During the 7 day period the debtor may apply for the Warrant of Execution to be suspended. This application must state a valid reason (i.e. offer to pay the judgment by instalments). The court would then notify the creditor of the application to suspend the Warrant. If the creditor contests the application the court will list the application for a hearing. The court would then decide whether to uphold the application to suspend or whether the Warrant of Execution still stands. (The debtor has to pay a fee to the court to apply to suspend the Warrant of Execution).
If the debtor fails to pay or apply for the Warrant of Execution to be suspended, the bailiff will usually within 15 working days visit the debtor at their home address. They will attempt to identify items which can be sold to recover the debt. Certain items are unable to be taken and the County Court Bailiff has to follow strict guidelines as to how they can take the goods. They are not allowed to break into any property – entry must be via a “peaceable” method such as unlocked door, window. If the bailiff is let into the property by a bailiff he can take payment there and then or may take an inventory of goods. This is known as a “walking possession order”. This means that if payment is not made the bailiff may / will revisit and take the goods. At this point the bailiff is allowed to break into the property if he has entered the property “peacefully” before.
A Warrant of Execution lasts for a period of one year from the date of issue. If the creditor wishes to extend the Warrants life beyond one year they must supply the court with sufficient reasons for this to be granted and unless there are exceptional circumstances this should be done prior to the Warrant of Execution expiring. There is a fee to extend the Warrant of Execution.
Monday, 16 November 2009
THE HEADACHE CALLED MARKETING.............
In some respects marketing is one of the most important factors as to whether your company will succeed or fail. We all understand the importance of first impressions but, many companies fail to realise this importance when setting up a company as they have many other things to consider.
There is a misconception that marketing is just for large organisations with budgets to suit! But even simple things such as letterheads, compliment slips, business cards, brochures all come under the bracket of marketing. These need to create an impact – do yours create the right one?
Marketing is a science; you need the right mix to get the desired results. You already know that your company is great – now you need to let everyone else know!
There are many ways to promote your company for free; the majority of these are online. You could set up a blog, open a twitter account, create a Facebook page. These are all easy to do.........but then comes the difficult part! What do you write?
Employing a marketing team may sound daunting, maybe even expensive but it all depends on your requirements. We have bespoke packages to suit all budgets! This stems from giving a few pointers to writing a daily blog and managing online accounts.
We can an assist with all aspects of marketing for your company and endeavour to create the right marketing mix for your individual needs.
Call me for an informal chat about how we can help you grow your business.
There is a misconception that marketing is just for large organisations with budgets to suit! But even simple things such as letterheads, compliment slips, business cards, brochures all come under the bracket of marketing. These need to create an impact – do yours create the right one?
Marketing is a science; you need the right mix to get the desired results. You already know that your company is great – now you need to let everyone else know!
There are many ways to promote your company for free; the majority of these are online. You could set up a blog, open a twitter account, create a Facebook page. These are all easy to do.........but then comes the difficult part! What do you write?
Employing a marketing team may sound daunting, maybe even expensive but it all depends on your requirements. We have bespoke packages to suit all budgets! This stems from giving a few pointers to writing a daily blog and managing online accounts.
We can an assist with all aspects of marketing for your company and endeavour to create the right marketing mix for your individual needs.
Call me for an informal chat about how we can help you grow your business.
0800 4 96 95 94 or EMAIL
Thursday, 5 November 2009
JARGON BUSTING.......WINDING-UP PETITION
In effect any creditor owed over £750 can apply to the court for a Winding-Up Petition, in simple terms the petitioning creditor has had enough of false promises, broken payment agreements and bounced cheques and wishes to stop the company trading (compulsory liquidation). It is a costly action to pursue but very effective, especially if the company has valuable assets. Upon receipt of the petition the court will review the evidence supplied and decide whether the petitioning creditor has taken reasonable steps to collect the debt. In some cases the debtor may believe that a Winding-Up Petition has been issued unfairly and an “abuse of the court process”, legal advice must be sought at this point but it may be possible to have the petition rescinded if it is deemed by the court as an abuse. This would stop any action such as banks accounts being frozen or the petition being advertised. If the court does not believe it to be an abuse of the system then it will still stand and be advertised as normal.
The petitioning creditor has to allow seven full days after serving the petition on the registered office of the debtor company before it can be advertised, also prior to the High Court Hearing the petition must have been advertised in the London Gazette (Edinburgh Gazette for Scottish registered companies) and is usually done so seven days before.
Once the petition is advertised the bank will find out and will usually freeze the company’s bank account. This prevents any illegal actions of the Directors.
There are actions that can be taken to unfreeze the bank account but professional advice should always be sought on obtaining a “validation order”, of course this action is also costly as it incurs legal fees.
If the debtor does not pay the winding-Up Petition or if the petitioning creditor does not agree to any offers it generally leads to a winding-up order being issued and the Official Receiver or court appointed liquidator taking over the company.
At this stage the Directors will personally be investigated, this is to ensure that they did not trade whilst insolvent and acted properly according to their Director duties.
If the company is “wound up”, the Directors will be held personally liable for any debts signed for with a Personal Guarantee (PG).
The petitioning creditor has to allow seven full days after serving the petition on the registered office of the debtor company before it can be advertised, also prior to the High Court Hearing the petition must have been advertised in the London Gazette (Edinburgh Gazette for Scottish registered companies) and is usually done so seven days before.
Once the petition is advertised the bank will find out and will usually freeze the company’s bank account. This prevents any illegal actions of the Directors.
There are actions that can be taken to unfreeze the bank account but professional advice should always be sought on obtaining a “validation order”, of course this action is also costly as it incurs legal fees.
If the debtor does not pay the winding-Up Petition or if the petitioning creditor does not agree to any offers it generally leads to a winding-up order being issued and the Official Receiver or court appointed liquidator taking over the company.
At this stage the Directors will personally be investigated, this is to ensure that they did not trade whilst insolvent and acted properly according to their Director duties.
If the company is “wound up”, the Directors will be held personally liable for any debts signed for with a Personal Guarantee (PG).
0800 4 96 95 94 or EMAIL
Monday, 26 October 2009
PROTECTING ASSETS.....HOW PROTECTED ARE YOUR COMPANIES?
Worryingly the majority of the companies that we visit do not have the correct protection in place for their assets. They may have taken advice from their accountant or simply believe that a Directors Loan offers all the protection they need. What they don’t realize is that if the company closes (or is forced to close) the Directors Loan would not receive any preference over any other creditor.
Tenable Solutions Limited offers a proactive approach to protecting company assets; this can be done at any stage of business and guards against any action that may be taken. 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. Even if the action taken is a dispute assets can be placed in jeopardy – protecting them correctly ensures that they cannot be taken.
Imagine the quandary if a bailiff walked into your premises today (if you premises are solely commercial they can enter without permission) – what could they take? In 99.5% of the cases they can take anything. There is a grey area in bailiff law which covers tools of the trade; it is a little known fact that when bailiffs refer to tools of the trade it only refers to one set. Therefore if for example the debtor runs a large hairdressers employing several hairdressers the bailiff only need leave one pair of scissors, one hairdryer, one set of combs etc. This was an amendment to the 1981 Supreme Court Act in 1996. It states:-
“Section 138(3a)(a)(i) such tools, books, vehicles and other items of equipment as are necessary to that person for use personally by him in his employment, business or vocation”
Imagine how that could ruin the livelihood of a business; it could be costly and time consuming to purchase new “tools” in a short space of time.
Some companies we have visited have illegally protected assets, they have done this with information they have retrieved from the internet. Luckily, we have now ensured that they are protected within the law. Illegally protecting assets could be construed as misconduct and is viewed dimly by the courts and action could be taken on the Directors personally.
Tenable Solutions Limited specialize in legally protecting assets, this can be done quickly and conveniently and without disrupting trading.
It doesn’t matter whether the company has just set-up, been trading seventy years has £30million or £10,000 turnover. What matters is they have assets that need protecting, this could be physical assets or money personally lent to the company.
If you would like to learn more about protecting assets and how it could be of a benefit to your company, contact us for an informal chat.
Tenable Solutions Limited offers a proactive approach to protecting company assets; this can be done at any stage of business and guards against any action that may be taken. 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. Even if the action taken is a dispute assets can be placed in jeopardy – protecting them correctly ensures that they cannot be taken.
Imagine the quandary if a bailiff walked into your premises today (if you premises are solely commercial they can enter without permission) – what could they take? In 99.5% of the cases they can take anything. There is a grey area in bailiff law which covers tools of the trade; it is a little known fact that when bailiffs refer to tools of the trade it only refers to one set. Therefore if for example the debtor runs a large hairdressers employing several hairdressers the bailiff only need leave one pair of scissors, one hairdryer, one set of combs etc. This was an amendment to the 1981 Supreme Court Act in 1996. It states:-
“Section 138(3a)(a)(i) such tools, books, vehicles and other items of equipment as are necessary to that person for use personally by him in his employment, business or vocation”
Imagine how that could ruin the livelihood of a business; it could be costly and time consuming to purchase new “tools” in a short space of time.
Some companies we have visited have illegally protected assets, they have done this with information they have retrieved from the internet. Luckily, we have now ensured that they are protected within the law. Illegally protecting assets could be construed as misconduct and is viewed dimly by the courts and action could be taken on the Directors personally.
Tenable Solutions Limited specialize in legally protecting assets, this can be done quickly and conveniently and without disrupting trading.
It doesn’t matter whether the company has just set-up, been trading seventy years has £30million or £10,000 turnover. What matters is they have assets that need protecting, this could be physical assets or money personally lent to the company.
If you would like to learn more about protecting assets and how it could be of a benefit to your company, contact us for an informal chat.
EMAIL or call 0800 4 96 95 94
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