Simple Closure
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IT Contractor

A freelance IT consultant operating through a limited company found himself unable to service a Bounce Back Loan and growing VAT arrears after a key client relationship ended abruptly. Concerns about personal liability were causing significant anxiety.

5 Star Service

Location

Greater Manchester

Debts

£41,000

Creditors

VAT Debt & Bounce Back Loan

Duration

8 Weeks

Stock Images Used

Our client says...

I’d taken a Bounce Back Loan during COVID to keep things afloat, then the contracts dried up.

I owed VAT I couldn’t pay, and the BBL was sitting there. Not only that, but I had no idea what my personal liability was — that unknown was genuinely terrifying.

The team at Simple Closure explained everything clearly, no jargon. By the end of the first call I understood exactly where I stood. That clarity was everything.

The process was smooth, professional, and they were always on the other end of the phone when I needed reassurance.

Outcome

CVL completed. Bounce back loan treated as company liability. Director free to contract again immediately.

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