Agreeing arrangements is not the end of the conversation. A light, regular rhythm of updates through the recovery keeps creditors confident and your options open.
Update, do not disappear
The worst thing after agreeing a plan is to go quiet. A brief update — even just confirming you are on track — keeps creditors reassured and makes them far more flexible if you do need to adjust.
Flag changes early
If trade improves, offer to pay more; if it dips, ask to revise before you miss a payment. Early, honest signals protect the trust an arrangement is built on.
Keep it simple
A short email at sensible intervals is enough. You are not writing a report; you are keeping a relationship warm so it works when you need it.
The same applies with us — keep us posted and we will keep working with you.
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: Will you keep contacting me once an arrangement is agreed?, What if my circumstances improve during an arrangement?, How to write to a creditor proposing a payment plan.