The freedom to be successful.

Solutions

Support for struggling businesses

‘My passion is to stop other businesses going through what I did. I genuinely believe Drummond Melville can help any struggling business. ‘

‘I’ve been there. I knew I had debt, but I never for a second thought I’d lose my business. In 2008 (on my birthday) at 11:30 am my accountant broke the news that I was trading insolvent. My dreams were crushed in a 45-second phone call. Advised to call in the liquidators, my business was dismantled and auctioned off to the highest bidder, I lost my £250,000 investment’

‘I had options, but I didn’t know that at the time, I listened to my accountant’s advice – speak to an insolvency specialist, big mistake. We quickly fell behind on our payments to the revenue and couldn’t find a bank or investor to help us pay off our revenue debts and had to close down our stores.

 

David Morgan, Managing Director, Drummond Melville.

David-Morgan-Drummond-Melville

‘My passion is helping businesses who are facing financial difficulties. Because I’ve been there, I had debt, and ignored it. Then I lost my business.’

Make your business indestructible

The Covid pandemic has caused problems for many businesses – less money coming in and fewer customers (in some cases no customers).

You know you can be successful, but you need a little help to get there. That’s where we step in. Our team of Business Support Specialists help with alternative borrowing solutions, repayment of government loans, reducing monthly debt, and reducing costs. So you can take back control.

We offer alternatives solutions to CVAs, insolvency and administration.

Give us 48 hours, we guarantee a solution. There isn’t a business we haven’t been able to help.

Why contact us?

Five Reasons:
  • Take back control of your business and finances.
  • Free advice on government loans. Our Business Support Specialists can help with repayment of Bounce Back Loans – you could take a payment holiday, extend the term of your loan, or arrange interest-only payments.
  • Look at your costs. We can help with those fixed costs that are too high to manage, like renegotiating the terms of your lease or even relocating to cheaper premises.
  • Reduce your business debt (by up to 80%!). We have a team of experts who can help with payment plan solutions, buying you time to take back control.
  • Private Investors. Individuals who WANT to invest in your business, we have loads of them waiting in the wings to help you.

We’ve helped businesses with debts as low as 10k up to 1.2 million and worked with over 130 businesses – large and small. We’ve turned around businesses with multi-million-pound asset portfolios, restructured debts, and rebuilt the balance sheet from the ground up.



Drummond Melville genuinely care and listen to client’s needs; most firms simply want the solution for a client where they make the most money.

We’ve been referring clients to Drummond Melville for a number of years now because we know our clients are being well looked after. We would have no hesitation in recommending Drummond Melville to anyone.

‘My passion is helping businesses who are facing financial difficulties. Because I’ve been there, I had debt, and ignored it. Then I lost my business.’

We lend businesses between £25,000 and £200,000 against their tangible assets. From there, it’s full steam ahead.

We lend up to 50% of the value of their assets at a fixed interest rate of 20%. We don’t use personal guarantees or credit checks, just an independent valuation of the assets.

We use our years of experience working with HMRC’s tax office to negotiate a structured repayment plan on our client’s behalf.

We put forward a bespoke repayment proposal to HMRC based on what the business can realistically afford. The staged repayments then allow our client to focus on more immediate outgoings such as wages, utilities and rent.

Getting back on track isn’t always easy, but our team removes the baggage.

Our team finds solutions which benefit our client and their creditors alike. We work hard to reduce our client’s costs, stabilise cash flow and protect our client’s assets, employees, brand and reputation.

Wipe out over 80% of your business debt

What you owe

Your monthly repayments

£66k  Bank

£24k  Credit card

£95k  HMRC

£16k  Rates

Total debt

£201k

Old

£6,188

New

£1,675*

*Fixed for 24 months

What you owe

£66k  Bank

£24k  Credit card

£95k  HMRC

£16k  Rates

Total debt

£201k

Your monthly repayments

Old

£6,188

New

£1.675*

*Fixed for 24 months

work with us

We know you’re under pressure. We know it’s tempting, but don’t bury your head in the sand or sweep anything under the carpet. Trust us, we’ve seen it enough times to know it’s not going to get better until you take the first step. Get in touch and let’s fix it.

Take a look at the FAQs below to see how we can work together. Please fill in the form below to request a call back or give us a call on

0845 544 1263 to find out more.

what do I have to do?

If a struggling business comes your way, simply ask the director or decision maker if we can give them a call. We can help with funding, HMRC debt and pre-insolvency solutions. Ideally, we’d like to find these companies when the cracks start to appear, but we can help right up to insolvency. If a business appears to be ‘too far gone’, please call us (or ask them to call us) before referring them to an insolvency practitioner.

why should I work with you?

We understand that your clients are your lifeblood and the cost of acquisition and retention is often high – we’re here to make sure you keep them.

who are you looking to work with?

Anyone who can find these struggling businesses. You may be an accountant, bookkeeper, lawyer, management consultant, business coach, trade supplier… it doesn’t matter! We also work with complete discretion.
what risk is involved?
There is no risk involved when working with us. A client is lost if you refer them to an insolvency practitioner – working with us gives you an opportunity to keep them. We also regularly audit our processes using an independent panel of licenced insolvency practitioners and lawyers.
can you help with all struggling businesses?
There hasn’t been a business to date that we haven’t been able to help in some way.
how do you make money?
The businesses we help pay us – we make sure our fee is affordable and transparent. There will never be any hidden fees or costs.
where are you based?
Our head office is in St. Andrew Square in Edinburgh, but members of our team can be found all around the UK.
what next?

Call us, send us an email or fill in the form and we’ll get in touch. We’d love to talk to you in more detail about we can work together.

Contact Us for Solutions

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Need more information?

Fill in the short form and we'll give you a call back.

Email us

info@drummondmelville.com

Find us

9-10 St Andrew Square, Edinburgh EH2 2HF

Drummond Melville Ltd

9-10 St Andrew Square
Edinburgh
EH2 2HF