Read on to learn about the pros and cons of this insolvency advice company.
Experiencing financial stress and the looming potential of insolvency is one thing, but when you are a director, financial stress is compounded. So many things are on the line. You are the responsible party. You are one of the decision makers. And while a lot has happened on your watch, you can still take action to ensure the next steps are handled in the best possible manner.
But let’s be realistic, with competing priorities and everything involved with insolvency, the stress and pressure of it all can leave you wondering where to turn for solid advice and guidance.
Instead of getting lost in the moment, you should take action immediately. The best way to do that is by working with someone who has experience and specialised knowledge in the field of insolvency guidance.
Think about it. With the possibility of trying to do your job, answer to the board, deal with the continuing business operations, and attend to your personal life, there is no time left to spend endless hours trying to find the right insolvency agency to guide you.
When you’re ready to learn more about Director First and how their team can help you move through the insolvency process, continue reading.
Table of Contents
What is Director First?
Director First is composed of specialists in the field of business recovery. With more than 10 years of experience in insolvency issues, they consistently earn a 5.0 rating in over 750 ‘Excellent’ ratings on Trustpilot from actual company directors. Their goal is to put UK company directors first.
They offer an array of services designed to keep your business trading as you structure your debt to pay it off over time, protect your company from legal action while implementing a restructuring strategy, or sell the business and related assets to keep the company and jobs intact while discussing new payment plans. Company closure is also an option as an exit strategy, or perhaps liquidation is the right move to handle accrued debt efficiently. Director First has experience to guide you on what will work best for your unique situation.
They also offer a number-one-rated YouTube channel on UK insolvency advice that consists of more than 550 videos. Director First focuses on 100% confidentiality practices to ensure the privacy of its clients. They will walk alongside you throughout your company’s financial challenges.
What are Their Locations?
Director First has several offices spread throughout the United Kingdom. They serve urban and rural areas and everything in between. A quick check of the website or an easy phone call will help to confirm whether or not you are in their servicing area. This company seems accessible and able to provide service, regardless of your location within the UK.
The areas Director First serve include:
- East Midlands
- Derby, Derbyshire
- Leicester, Leicestershire
- Northampton, Northamptonshire
- Nottingham, Nottinghamshire
- East of England
- Cambridge, Cambridgeshire
- Ipswich, Suffolk
- Luton, Bedfordshire
- Norwich, Norfolk
- Peterborough, Cambridgeshire
- Greater London
- London
- North East
- Middlesbrough, North Yorkshire
- Newcastle upon Tyne, Tyne and Wear
- Sunderland, Tyne and Wear
- North West
- Blackburn, Lancashire
- Blackpool, Lancashire
- Bolton, Greater Manchester
- Liverpool, Merseyside
- Manchester, Greater Manchester
- Preston, Lancashire
- Northern Ireland
- Belfast, County Antrim
- Scotland
- Aberdeen, Aberdeen City
- Dundee, Dundee City
- Edinburgh, City of Edinburgh
- Glasgow, Glasgow City
- South East
- Brighton, East Sussex
- Milton Keynes, Buckinghamshire
- Oxford, Oxfordshire
- Reading, Berkshire
- South West
- Bristol, Bristol
- Cheltenham, Gloucestershire
- Exeter, Devon
- Plymouth, Devon
- Wales
- Cardiff, Cardiff
- Swansea, Swansea
- West Midlands
- Birmingham, West Midlands
- Coventry, West Midlands
- Stoke-on-Trent, Staffordshire
- Wolverhampton, West Midlands
- Yorkshire
- Hull, East Yorkshire
- Leeds, West Yorkshire
- Sheffield, South Yorkshire
- York, North Yorkshire
What Services does Director First Provide?
The team at Director First prides itself on leading with empathy and understanding. The work they do involves a lot of business acumen and savvy, but they can put themselves in your shoes and know what you are going through. They will take the time to learn about your company, understand what has occurred, what your goals are, and help you determine the best path forward, whether that involves taking steps toward insolvency or keeping the company intact.
The services Director First offers include:
- Bounce Back Loans (BBLs) and Coronavirus Business Interruption Loans (CBILs)
- Pay As You Grow (PAYG) Scheme
- Company Administration
- Company Voluntary Arrangement (CVA)
- HMRC Arrears
- Time to Pay Arrangement
- Liquidation and Company Closure
- Creditors’ Voluntary Liquidation
- Compulsory Liquidation
- Members’ Voluntary Liquidation
- Pre-Pack Liquidation
- Overdrawn Directors Loan Account
- Pre-Pack Administration
- Pre-Pack Liquidation
Now for the pros and cons.
The Pros of Working with Director First
Their name says it all – Director First. This company operates on the premise that the director comes first. They take pains to ensure they guide their clients with kindness and empathy instead of cutthroat decision-making. With this approach, decisions are made with greater consideration for the benefit of everyone involved and their desired outcomes.
Director First offers a rapid insolvency assessment for UK directors. The assessment takes an overview of your company’s current financial situation. It compiles information about your creditors and the potential for insolvency, before outlining a clear guide on what your next steps should be.
They offer fixed-fee and realistic pricing services that are transparent and clear every step of the way. Following the initial assessment, they provide quotes for their array of services that best suit your needs without any hidden costs, regardless of whether your goal is to save your business or shut it down the right way.
Director First does not offer the same advice to each of their clients. Instead, the approach is unique to the company structure, payment history, and debt owing, among a variety of other factors. This means that your path forward will be the right one for you and your company.
Their educational content is helpful for their clients. With the potential for insolvency hanging over directors’ heads, having access to comprehensive education materials helps them to make an informed decision.
The Cons of Working with Them
All reviews should include both pros and cons to honestly inform readers and give them a balanced look at the company.
This company operates heavily in the online realm. For anyone who is interested in more face-to-face time, this might not be right for them.
They are well-suited for the needs of small companies. Larger and more complex structures might need a different agency.
In Conclusion, is Director First Right for You?
Yes, we think it is.
Director First has been providing helpful services to more than 1,000 directors in the UK since its inception. Their team assists company directors and helps them to work through options available, while educating them on their fiduciary responsibilities and dealing with the challenges they face.
This company has extensive experience with insolvency issues that they have gained through real-life experiences. If your business is facing hardship, early action and support are essential. Director First will provide you with a free and confidential consultation so you can choose your next steps carefully.
Join The Logo Community
We hope this article has been helpful. If you would like more personal tips, advice, insights, and access to our community threads and other goodies, join us in our community.
You can comment directly on posts, access our community threads, have a discussion and ask questions with our founder Andrew.
Tired of clients questioning your logo design prices? Our new eBook gives you the exact scripts, objection handlers, and confidence to communicate your value. No more awkward pricing conversations—just more high-paying projects.
Get it Now!
