Busiess Debt can spiral out of control - we can help.
Is your company struggling to keep up with payments?
Your solution could start with a single step. Find out today.
Our services
Whether your company is solvent or insolvent, our experts are here to guide you through the next best steps to take.
A Supportive Process
Financial difficulties can happen to any business, often beyond your control. Our experts are with you every step of the way, whether you're considering liquidation or exploring other solutions.
Bounce-Back Loan Support
Struggling with your bounce-back loan repayments? You’re not alone. Liquidation might be an option worth considering. Contact us today to explore your options.
Flexible Pricing
We understand financial challenges. That’s why we offer a fair pricing structure, ensuring that the cost of liquidation is clear and manageable from the start.
Trusted Experts
With over 20 years of experience, Business Phoenix has helped countless businesses liquidate successfully. You’re in safe hands with us.
Free Initial Assessment
Considering liquidation can be overwhelming. Start with a free expert company health check to understand your options before making any decisions.
Fast and Efficient
Our streamlined process can have your company in liquidation in as little as 10 days.
TESTIMONIALS FROM OUR CLIENTS
Deepak Bhatia
Signature Group
I cannot fault Bryan and his team for the advice and guidance given while struggling with company debt.
Balfour Amoako
Ivory Cottage Ltd
My company were struggling and under I was under immense pressure on a daily basis. Without talking to Business Phoenix the siutation would be even worse now.
Stephen Taylor
Copper Dragon Ltd
Bryan's in-depth knowledge and understanding off insolvent businesses is second-to-none, I would advise anyone struggling with business debt to speak to Business Phoenix,
Economic Pressures on Businesses
In 2024, businesses, especially small and medium-sized enterprises (SMEs), faced significant economic challenges. The rising cost of goods, increased wage demands, and higher borrowing costs have put tremendous pressure on business operations. Key factors include:
- Producer Price Index (PPI) and Wage Increases: Over the past two years, the PPI rose by 13%, and average wages increased by over 10%, significantly raising operational costs for businesses.
- Bank of England Base Rate: The base rate has risen by 5 percentage points since 2021, increasing the cost of financing.
- Consumer Cost of Living: Consumers are tightening their budgets due to a 26% increase in food costs, a 10.7% rise in rent, and a 58% surge in gas prices since December 2021. This reduction in discretionary spending has led to lower revenues for many businesses.
The impact of these factors has been profound, with insolvency rates reaching their highest levels in 30 years. The hospitality and manufacturing sectors have been hit hardest, with the number of insolvency appointments per 10,000 entities far exceeding other industries. As we move into 2025, businesses continue to navigate these pressures, drawing parallels to the recessionary challenges of the 1990s.
Talk to us today!
Business Phoenix is a trading style of Mediary Ltd, Registered as a Company in England & Wales, Company Number 15799782
Business Phoenix is a trading style of Mediary Ltd, Registered as a Company in England & Wales, Company Number 15799782