Debt Management

All businesses at some point in their life cycle endure difficult times. This can often result in creditor pressure on the business and create unforeseen short-term cashflow issues.

With support from the team at Sterling, a Debt Management plan which is an informal agreement with one or more of your creditors, can be formalised to find a suitable payment plan that can be sustained over an agreed period which is both realistic to the creditor and your business.

The purpose of a debt management plan is to ensure all unsecured lending is repaid and staving off any legal action from creditors.

We have delivered successful debt management plans within logistics, manufacturing, engineering and retail, enabling them to return to profitable trading.

In addition to this, we have significant experience in delivering formal voluntary arrangement, binding your creditors to the agreement.