In the world of business, it’s a well-known fact that loan companies typically offer loans with higher interest rates and more stringent terms and conditions compared to traditional banks. They also tend to be more aggressive when it comes to loan recovery, especially if they suspect that your company may be facing financial difficulties.

On the other hand, alternative lending sources, not directly affiliated with traditional banks, provide financing for a wide range of needs. These lenders often secure their funds from hedge funds and other non-mainstream sources, which can result in your company paying significantly higher interest rates.

Loan companies often impose higher interest rates and more rigorous terms and conditions, making them a less favourable option for businesses. Many businesses, especially those that don’t meet the criteria set by traditional high street banks, have sought alternative sources of funding.

These alternative lenders, not directly affiliated with mainstream banks, provide financing for a broader range of business needs. They secure their funds from diverse sources, including hedge funds and other non-mainstream channels, which can result in businesses paying significantly higher interest rates.

For this type of financing, the lender often requires collateral in the form of property, goods, or other tangible assets to secure their investment. Some lenders may also request a personal guarantee from the borrower. These secured loans require swift action on the borrower’s part because the lenders are typically not hesitant to take aggressive steps to recover their funds or sell the secured assets quickly.

While secured lenders may have a slower initial reaction time compared to unsecured lenders, the costs associated with problems can escalate rapidly once they decide to take action. It’s not uncommon to see a debt of £5,000 to £6,000 accrue costs of £1,500 to £2,000 or more even before any court action is initiated.

In the current financial climate, it’s crucial to take prompt action and know who to communicate with when dealing with these types of loans. Lenders are unlikely to hesitate when it comes to recovering their money or selling the collateral swiftly.

As the economy begins to regain momentum, finance companies prioritize being at the front of the line when it comes to recovering debts related to equipment and items purchased on credit. The type of credit used will influence the strategies employed to protect and retain these assets.

Various options are available to borrowers, including voluntary surrender, but the objective is to find a solution that allows businesses to continue operating. Even in cases where an asset may initially appear to be worth significantly more than the debt claimed, it’s essential to consider the additional costs such as punitive interest, seizure, and sale expenses. These costs can accumulate, resulting in a remaining debt even after the asset is taken into account.

Much attention has been drawn to the support provided by various larger organisations to assist struggling businesses. However, one area that has seen limited action is the realm of utilities and telecoms. Access to utilities, such as electricity, water, and gas, along with telecoms and internet services, is an absolute necessity for nearly 90% of companies.

These utility and telecom providers are often known for their reluctance to engage in negotiations, especially when there is outstanding debt involved. Any disruption in these essential services can have catastrophic consequences for businesses.

That’s where we come in! We understand the critical importance of keeping the lights on and ensuring uninterrupted access to these vital utilities and communication services. Our goal is to assist businesses in navigating these challenges and finding solutions to maintain essential services during difficult times.

Many individuals and businesses may not fully comprehend the assistance available within the system when facing actions from bailiffs. The anomaly of actions carried out under the so-called power of bailiffs operating under a High Court writ leaves room for potential abuse. When a legal action is under the costs threshold of £10,000, transferring it for a payment of £66 becomes an attractive option for claimants.

Unfortunately, we are witnessing an increase in threats of such actions, as larger organisations explore ways to utilise these methods to bolster their balance sheets. The current system is marred by flaws, leading to situations where individuals who have received no prior communication from the court regarding an alleged debt suddenly find themselves confronted by an enforcement officer on their doorstep, with costs already escalated by hundreds of pounds.

It’s important to remember that bailiffs only get paid if they successfully collect the debt. There is often evidence of these companies operating in ways that may skirt the boundaries of the law, such as ensuring that the initial letter, which the law mandates to be sent to a debtor, conveniently gets ‘lost in the post.’ Don’t become the latest victim of such unscrupulous actions.

With government intervention, extensive help has been offered in respect of mortgages, with payment holidays to both domestic and business mortgage customers. Many will have taken advantage of this ‘holiday, but we will be there to help in the coming storm after the government takes off the handcuffs preventing action against mortgage payers in arrears

Beware of companies, which ask lots of questions based on the supposed system they run to allow your payment holiday.

Ask if you need help and advice on the scheme.

BS4C” specialises in negotiating with various departments of HMRC (Her Majesty’s Revenue and Customs) to address arrears related to taxes such as VAT, Corporation Tax, Income Tax, and Capital Gains Tax. This service is designed to help businesses navigate and resolve tax-related issues with HMRC.

There may be instances where businesses find themselves facing a situation where there is no alternative but to confront this final outcome. If we assess that such circumstances are appropriate, we will provide you with honest and straightforward advice regarding your situation. Our goal is to ensure that you are well-informed and supported in making the decisions that best suit your business’s needs.” if necessary, we can advise you which Insolvency Practitioner would be best suited for your company.

Thanks to our extensive experience in the commercial sector, BS4C has developed a strong network of lenders. This network allows us to secure financing for companies at highly competitive rates, ensuring that businesses have access to the best possible financial solutions for their needs.

What Our Clients Said

We contacted BS4C through the NTIA for assistance as we start to try and trade out of the current chaos that is COVID.

They have dealt with a variety of creditors for us but one in particular, before BS4C became involved managed to get a CCJ against us for only a few hundred pounds and this culminated in a visit from a High Court Enforcement representative, he was threatening to break in and take all he could find unless I agreed to pay in full right then and there.

This was early evening and without the help of BS4C I would have ended up losing the best part of £2000, even though it was 8 o’clock at night. They intervened and brought it all to a standstill, pointing out illegal actions undertaken by both the firm and the individual.

We now have agreement in place and happily moving on. BRILLIANT RESULT.

Stevie D.
BS4C have been a great help in professionally negotiating a suitable settlement with my suppliers to ensure continual supply medications. This was a very crucial moment in the life of my business due to difficulties with cash flow. With their support the withdrawal of services from wholesalers and possible collapse of the business has been averted.

I am really grateful for their services, and to NPA for introducing them. I strongly recommend them to anyone in such a difficult situation.

John NPA
I would like to express how impressed I’ve been with the level of service received so far by using the services BS4C.
I have received a very professional service and most importantly at a very stressful time.

After calling Jeff yesterday afternoon after receiving a text message from Enforcement who were looking to collect goods at my property within the hour David had managed to put in place and expedite and resource a solution in order to prevent this from happening. I have now the peace of mind and breathing space needed to get things back on track.

I would highly recommend the services of BS4C and give them 5 Stars, as the response time and follow up in helping you is impeccable along with communicating with you when you need it most.

They are also very proficient and effective with the knowledge and expertise needed to deal with your complex financial circumstances.

Michel

Following some disruption and losses caused by trading with another business I had been recommended the services of Business Support 4 Companies by a colleague. Initially I sought guidance with this specific issue but this soon developed into a full appraisal of other concerns affecting the day to day running of the business. I was impressed by their ability to quickly grasp the problematic nature of each matter, to diagnose and to propose a course of action to deal with the situation.

Always responsive and quick to respond, BS4C have been key to turning matters around. Without their guidance things could well have spiralled into an unmanageable state; they have managed to restore order and help get on top of the problems leaving me to get on with the day to day basics. The biggest benefit has certainly been to me personally knowing there is back up at the end of the phone knowing that matters are in good hands.

Jonathan Crow, Wrekin Sporting Ltd
So humbled that clients think so highly of us.

I have been having issues with HMRC and a plethora of other business problems and luckily, I stumbled across BS4C and they have been my lifeline over the last few months.

From my initial consultation and throughout the various processes BS4C have done an amazing job. BS4C are always quick to respond and their level of knowledge and understanding of the problems I was having was second to none. Their professional attitude and knack of knowing how to say the right things to calm you down and re-assure you they have got your back is beyond amazing.

BS4C have helped me stabilise everything and helped me through extremely tough times, my stress levels have subsided, and I can see light at the end of the tunnel. I cannot recommend BS4C highly enough. Keep up the good work guys!!

Anonymous
I have been working Business Support 4 Companies for sometime, their persistent, professional attitude towards problem solving as saved me so much time and money. The knowledge base and attention to detail of this organisation is second to none. Someone at the end of the phone 24/7 means allot in hard times.

In using their services I saved an estimated £30,000 over a 10/12 month period, reductions in costs, interest paid and more importantly agreements for full and final settlements saving the company money.

Jono Garton, Keepers Lodge (Bodfuan) Limited

BS4C have been a great help in professionally negotiating a suitable settlement with my suppliers to ensure continual supply medications. This was a very crucial moment in the life of my business due to difficulties with cash flow.

With their support the withdrawal of services from wholesalers and possible collapse of the business has been averted.
I am really grateful for their services, and to NPA for introducing them. I strongly recommend them to anyone in such a difficult situation.

Steve

We contacted BS4C through the NTIA for assistance as we start to try and trade out of the current chaos that is COVID. They have dealt with a variety of creditors for us but one in particular was a…

Before BS4C became involved we managed to get a CCJ against us for only a few hundred pounds and this culminated in a visit from a High Court Enforcement representative, he was threatening to break in and take all he could find unless I agreed to pay in full. This was early evening and without the help of BS4C I would have ended up losing the best part of £2000, even though it was 8 o’clock at night.

They intervened and brought it all to a standstill, pointing out illegal actions undertaken by both the firm and the individual. We now have agreement in place and happily moving on. BRILLIANT RESULT!

Peter

Thanks to BS4C’s extensive experience in the commercial world, we have the capability to secure financing with the most favourable terms when it is in the best interest of our clients.

This sets us apart, as we can often source financing solutions that few, if any, other brokers can provide.

Anonymous

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