Becca's story

I dread to think what my situation would be now if I hadn't got in touch with caba at the right time. By the time I started a company I had worked in industry for a number of years. I'd held great positions at several of the big firms and I was pretty confident in terms of my abilities in business. My husband is in construction, so when I was 35 we joined forces and started a construction company. But we grew too fast, we trusted the wrong people, and in no time at all we went from being a very viable company to being in serious financial difficulties.

The stress was unbearable, I needed to find over £5,000 a week just to cover payroll, I had all the staff depending on me, cash flow became more and more impossible. I wasn't sleeping, I lost weight. It was a nightmare.

By the time we actually went into liquidation, it was actually a relief. But it brought a new round of stressors - we were trying to do the right thing by people we'd made commitments to, so we used credit cards to pay wages and borrowed from our parents. It sounds ridiculous from a qualified accountant, but the truth is, the speed and scale of our situation was impossible.

A lot of organisations were coming after us for money; tax, utility providers, contractors. I'd got to the stage where I didn't open post and was frightened to answer my phone. My days were just a stream of people saying 'you have to pay' and not taking no for an answer. It got to the stage where my 8-year-old daughter was being affected by how unhappy we were and I literally didn't know how to pay for groceries. There were even times my husband didn't want to leave the house for fear of the bailiffs coming and taking everything away.

Initially I spoke to caba just because I needed someone to talk to. I thought that my situation was so bad they wouldn't be able to help much. But what I was going through was so complex, I just needed someone to take the time to listen to the whole thing. They allocated me a Support Officer, and after listening to everything he offered to help me prioritise the debt and said he could negotiate with the creditors on my behalf. I was over the moon that someone was actually going to help me bear the weight of responsibility.

how caba helped me

caba helped me understand the difference between priority and non-priority debts. That was so helpful. When I explained we weren't covering household expenses, I was told I could apply for some short-term financial assistance. At that point I literally burst into tears with relief.

They provided a 3 month grant which helped me to calm down and see that there were things I could do to help myself. I applied for Job Seekers Allowance, and used the caba career coaching service to update my CV and sort out my online presence. I also accessed their counselling services, just to process some of the trauma that we'd been through.

The career coach and the counsellor helped me remember that there was more to me than a liquidated company and that, in fact, I am a highly qualified and able person. They gave me the confidence to apply for jobs and in no time at all I took a good position as a financial controller in a local firm. My husband is working again now, and slowly but surely we are rebuilding our life and paying the debts. There is a future for us as a family - a good one. It won't happen overnight, but things are under control and we're heading in the right direction.

Without caba I don't think I'd have got this job. I'd still be being hounded by creditors and constantly worrying. caba believed in me. They gave me back my peace of mind - for the first time in 18 months I've started sleeping again.

*Some personal details of this client have been changed to protect their identity

are you eligible for caba's services?

caba supports the wellbeing of past and present ICAEW members, ACA students, ICAEW staff members, and their spouses, partners and children up to the age of 25. Our support is free, impartial and strictly confidential. For advice, information and support please click on the button below.

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Who is eligible for support?

We support past and present members of the Institute of Chartered Accountants of England and Wales (ICAEW), ACA students, ICAEW staff members, and the family and carers of members and students. 

  1. No matter where your career takes you, past and present members of the Institute of Chartered Accountants of England Wales (ICAEW) are eligible for caba’s services for life, even if you change your career and leave accountancy 
  2. ACA students (ICAEW Provisional Members) who are either an active student or have been an active student within the last three years are eligible for caba's services 
  3. Past and present staff members of the ICAEW or caba are eligible for caba's services for life, even if you leave either organisation. Please note, for former employees, our financial support is only available to those who have had five years continuous employment with either organisation 
  4. Family members and carers of either an eligible past or present ICAEW member, ACA student or past or present employee of the ICAEW or caba are eligible for caba's support. We define a family member as a: 
    1. spouse, civil partner or cohabiting partner 
    2. widow, widower or surviving civil partner who has not remarried or cohabiting with a partner 
    3. divorced spouse or civil partner who has not remarried or cohabiting with a partner 
    4. child aged up to 25. Please note, children aged between 16 and 25 are not eligible for individual financial support 
    5. any other person who is dependent on the eligible individual supporting them financially or are reliant on the eligible individual’s care 
    6. any other person on whom the eligible individual is reliant, either financially or for care 

You can find out more about our available support both in the UK and around the world on our support we offer  page. 

Are your services means-tested?

If you need financial support, we carry out a means test where we consider income, expenditure, capital and assets.  

*Please note none of our other services are means-tested. 

I’m an accountant, but not a member of ICAEW, can you still help?

Unfortunately not. We only support past and present ICAEW members, their carers and their families. If we are unable to support you, where possible we will point you to help elsewhere.

caba has supported me in the past; can I receive support from caba again?

We understand that circumstances change. If we’ve helped you in the past there’s no reason why we can’t help you again. You can contact us at any time. Please call us if you need our help.

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