The Clients Challenge
The client is in business and had been dealing with a limited company with a sole director. The client had been giving the limited company credit but had become a little concerned about not getting paid for the goods and services.
The TM Law Solution
TM Law worked with the client to draft a guarantee document for their clients to sign. In this case, the director of the limited company signed a personal guarantee so that, in the event that their company does not or cannot pay what it owes to our client’s business, our client can pursue the director personally for the money owed to their business. This gives them a much better chance of successfully recovering the money owed to them. It also means that, if the limited company folds, leaving a trail of debts in its wake, our client will still get back the money owed to them.
