TTP can allow viable businesses who cannot pay on the due date to make payment(s) over a period that they can afford. Arrangements are tailored to the ability of the customer to pay and typically last a few months. This period can be longer, and in some circumstances can be more than 12 months, such arrangements are, however, exceptional.
Our guide below explores the reasons for TTP, how the process works, and what can go wrong. It looks in particular at the pitfalls of failing to adhere to a TTP and the advantages of seeking professional help early.
The SFP group are experienced in organising TTP and can assist you in the following ways:
In our experience, the earlier you seek professional advice to secure a TTP, the smoother the recovery and better the outcome. Fill in our call back form or call us now on 020 7538 2222.