Independent Banking Advisory Service
Established in 1992
Business Banking help - Small Business Banking help
Independent Banking Advisory Service (IBAS) - launched in 1992 as a specialist unincorporated business banking membership organization assisting bank customers with UK business banking account loan disputes and business banking debt disputes with their bank. Our analysis and investigation of business bank loans, bank accounts, banking contracts, business banking account facilities and banking debt recovery information has been instrumental in our member's success.
IBAS acts as a conﬁdential business partner and advisor for your business by providing reliable data and expert advice and will be a valuable addition to your management team. The additional attentiveness in your business ‘banking relationship’ and quality of information IBAS provides also allows your management team to concentrate on all other areas of your business, whilst making certain that your business banking account charges are correct and that bank interest charging is not (and has not been) inﬂated or excessive.
Commercial Property Mortgages - IBAS has seen commercial property mortgages during the last year where the bank has incorrectly charged interest and also incorrect margins as far back as 2005 up to date. That can also mean the bank has involved their 'Specialist' bank department who have inflicted Excess and Penalty interest on Commercial Property Mortgages where they should not have done so - reducing company profits and opportunity. This is not just one bank. The amounts are considerable. The results of such bank conduct if left unchecked or unidentified where the company trading is already reduced or is under pressure will inevitably create a default. That in the circumstances outlined would represent a 'False default' which is 'created' by the bank. That creates an insolvency situation where the bank's conduct can go entirely unnoticed despite property and assets being devalued and then 'lost' by the business. At that stage, Director's personal guarantees to the bank will also be 'called upon'.
Beyond the bank's Letter of Concern? - are you now personally in debt or liable for a debt claim from a limited company guarantee you provided whilst a director? Do you know what options you may have? Can you protect your home froma bank's claim? All bank demands are a direct threat to personally if you signed a personal guarantee whilst a Director in a limited company or partner in a partnership. A demand on you personally (if not dealt with correctly) may mean that your personal assets are now at much greater risk from the business or limited company debt.
If you are seeking to 'control' your own position and your future but have just received a debt claim for a limited company guarantee debt on a director's personal guarantee - we can help you. As one of our members stated:
" I discovered IBAS via a Google search for “personal guarantee advice”. Until this point I didn’t know that such an organization existed. At the same time I had also started talking to a number of solicitors about my position. The reason that I put my faith in IBAS was that it was clear they had extensive knowledge about PG’s. It seems to be a very specific area of law and whilst the solicitors were very gung ho it was clear they did not have as much specific expertise as IBAS. Since taking on my case IBAS have provided detailed, accurate and realistic advice. They are comfortable handling the various tactics deployed by the banks and provide strength and support during what can become a very stressful situation. I would probably have caved in or lost had IBAS not been handling my case." - MJ
IBAS provides specific advice for how Personal Guarantees can be reduced, settled and/or eliminated. Unless your personal guarantee/s are properly 'settled' the bank will enforce on those as and when they require to do so with all costs of their enforcement fully covered within the personal guarantee terms.
IBAS is researching new banks and lenders for our members. More choice for small businesses appears to be on offer or will soon be coming for small businesses. We will keep our members posted as we research what is becoming available. If you are tempted to apply for an EFG to fund your business see our page on SFLG & EFGs before you sign into an agreement.