I had been a director of my company for 15 years before it finally went into liquidation. It was a difficult time and finding my way through the insolvency process was confusing enough let alone having to deal with the bank claiming against me personally for loans taken by the company.
PGUK relieved me of this stress, advising on my financial position and what was the right commercial proposal required to settle the debt, which was affordable to me and acceptable to the Bank. I would not have been able to do this on my own.
Managing Director – Engineering Manufacturer
Personal Guarantees UK were professional and upfront about my situation from the outset. After qualifying my position on an initial assessment they were honest enough upfront to let me know where I stood in relation to my personal guarantees.
It’s no nonsense advice based on sound experience and the final result was better than I ever first envisaged before contacting them.
Director – Professional Services Sector
I wish I had met PGUK sooner! Initially I was referred to a solicitor but I later found out that this was a waste of time and money. I was advised incorrectly that I had legal grounds to defend a claim against me by an Insolvency Practitioner. Two years later they said I had no defence and I got judgment against me for three times the original claim.
I also had two other creditors on my back, which my solicitor was also supposed to help with.
I was referred to PGUK who explained all my options, even ones I did not even wish to contemplate. We agreed to approach all three with a deal which would wrap them all up together. I had nothing to lose at this stage.
It took a little while, but eventually a deal was sorted which meant I could carry on and the creditors would get something over a period. Just should have done it earlier…
Director – Plant Hire Company
When the demand from the Bank, for funds borrowed by the company, came through my letterbox it was hard not to panic. Not knowing what action they would take and whether I would lose my family home was a major concern.
PGUK were able to assess my financial position and explain what the likely action the Bank would take. They also worked out the correct level of offer I should make based on affordability and then negotiated everything for me. They took away the stress and I was able to focus on moving forward.
Director – Building and Maintenance Company
I was referred to PGUK by my solicitor. I had exhausted all legal angles to fight the Bank who had made a claim against me for property shortfalls. My view was that the Bank had not acted correctly!
My solicitor explained that although morally my argument was “right”, legally I didn’t have a leg to stand on and a deal had to be done.
PGUK took over the reins. I didn’t want to pay anything, but that was never going to happen. PGUK understood my issues, but also explained to me the Bank’s position and what needed to be done. They then sorted out a deal which I could afford and the Bank could agree to accept.
I am getting on with what I do and would recommend them to anyone in a similar boat to me.
Director – Property Rental Company
When I first came across PGUK, through my insolvency practitioner, I had no idea a service like theirs even existed.
With two separate PG’s, with two separate banks, I had no idea how to go about sorting out the problem.
PGUK had the answers and more importantly got a settlement agreed which worked for all parties involved.
The fees are affordable and I would highly recommended the service. Thank you PGUK!
Director – Franchisee Business