Faced with a difficulty, we choose the tool that fits — and the choice turns on a few practical questions rather than a fixed rule.
How temporary is it?
A short freeze suits a clearly temporary, externally-caused gap — a late invoice, a one-off shock — where normal payments will resume soon. A longer arrangement or variation suits a sustained fall in income.
What can the company sustain?
We look at the real surplus after essential outgoings. If the company can keep paying something, a reduced plan is usually better than a full freeze, because it keeps the balance falling and costs less overall.
We decide with you
This is a conversation, not a verdict. You know your business; we know the tools. Together we pick the option most likely to get the loan back on a sustainable footing.
Tell us what has happened and we will recommend the right tool.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How we decide on a payment arrangement for your company, The difference between a payment holiday and a reduced payment plan, The full range of forbearance tools we can offer.