Contact us


Help desk and advice line: 0800 077 8911
Lines are open 9am to 7pm Monday to Thursday, and 9am to 3pm Friday.

Types of finance available

  • Asset finance
  • Invoice finance
  • Traditional bank finance
  • Equity investment
  • Commercial mortgages
  • Bridging loans
  • Leasing

We specialise in:

  • Company voluntary arrangement
  • Administration
  • Creditors’ voluntary liquidation
  • Compulsory Liquidation

Domestic Call To Action IVA


For more information and advice about taking out an IVA call now on
0800 077 8911

Domestic Call To Action DMP


What to do now?
Call our friendly Debt Management team on
0800 077 8911

Advantages of a Debt Management Plan

Your Debt Management Plan will make your unsecured debts more affordable, ensure that you have a reasonable standard of living.
Below are some of the benefits you can enjoy with a Debt Management Plan from Lawson Fox:

  • AFFORDABLE – you only pay what you can afford
  • ONE MONTHLY PAYMENT – you avoid having to remember to make several payments
  • FLEXIBLE – the agreement can be changed if your circumstances change
  • PROTECT YOUR HOME – you’ll find rent and mortgage easier to pay
  • FREEZE INTEREST & CHARGES – although not guaranteed we are often successful in preventing your debts increasing
  • REDUCE STRESS – as we will deal with any phone calls or letters from your creditors
  • AVOID – legal insolvency procedures

An IVA comes with a number of positive benefits, including:

  • You pay a single, affordable, monthly payment which is fair to both you and your creditors.
  • Creditors are legally bound by the IVA meaning that they cannot take any recovery action against you.
  • Any debt you cannot afford to repay is legally written off, often saving you a considerable amount of money.
  • If you are a home owner your property is protected. However, it may be required that you re-mortgage after 3 or 4 years to release extra funds to repay creditors.

Pre Conditions for Administration

  • The Company has not in the previous 12 months been in Administration as a result of either a direct appointment by the Company or its Directors or an application by them, and it has not during that period been subject to a moratorium in respect of a failed Company Voluntary Arrangement (“CVA”) under Schedule A1 to the Act or a moratorium not followed by a CVA;
  • The Company is or is likely to become unable to pay its debts;
  • There is no outstanding application for Administration in respect of the Company;
  • The Company is not in liquidation; and
  • There is no Administrator or Administrative Receiver in office.

In the UK there are 3 types of liquidation applicable to limited companies.

  • Members Voluntary Liquidation
  • Creditors Voluntary Liquidation
  • Compulsory Liquidation

CVA procedure

  • An essential first step is to appoint a licensed Insolvency Practitioner to act as “Nominee”
  • The Nominee spends time getting to know and understand your business and helps you put together a proposal to tackle your financial problems.  This will include a profit and loss and cashflow forecast demonstrating that your business can achieve the repayment plan proposed
  • The Nominee writes a report for creditors confirming that he/she has reviewed the proposal and believes it has a realistic chance of success
  • All these documents are lodged with the Court
  • Creditors are invited to a meeting to decide if they wish to accept the proposal
  • Over 75% of creditors who vote must vote in favour for the proposal to be accepted
  • If over 75% is achieved all creditors are bound by the terms of the CVA