Help for Directors

All businesses face the occasional financial crisis but when they become a critical problem you need to know exactly where you stand. In our help for directors section, you will find specific information for answering your questions around if you are insolvent, what you need to do if you are and how it will affect you.

Creditors Voluntary Liquidation

What is known as Creditors Voluntary Liquidation is the process that most businesses must go through if they are insolvent. It can be a difficult time for everyone involved, so we have created this special section of our site to give you the important facts about CVLs in a clear and down to earth way so you can see where you stand.

Members Voluntary Liquidation

This is when your company is still solvent, but you (and your fellow directors) decide it is time to call it a day and retire or move on to the next stage of your lives.  With an MVL, you will release the assets and use these funds to pay off the creditors before returning the remaining funds to the shareholders.

About Us

Efficiency, Integrity, Empathy

How we work


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About Us

About Smart Business Recovery 

We are Insolvency Practitioners providing expert advice and guidance throughout the Northamptonshire, Leicestershire, Coventry, and Warwickshire areas for businesses, company directors and individuals facing insolvency and bankruptcy issues.

As licenced insolvency practitioners registered with the ICAEW, you can rely on us to provide up-to-date information and professional services. As Insolvency Practitioners we have a strict code of practice as well as legal and ethical responsibilities to you and your creditors. To meet our professional standards we will be transparent, fair, honest and compliant with the law and current guidance, at all times.

There is more to Smart Business Recovery than just our qualifications and experience though. We are proud to be a different kind of Insolvency service provider here at SBR.


We are not what you may expect from an Insolvency Practitioner 


Insolvency Practitioners have the reputation of being hard-nosed, unsympathetic, and even rather unpleasant people. Directors often think we will march into your business, start demanding information and dictating what you can and cannot do, all under the threat of dire consequences if you disobey us. Almost as bad is when they worry that we will provide a completely faceless, totally online service that will just fill in a few forms, take your money, and close your business, without you ever knowing what is happening.

That is not, and never will be, how we work. We think people are important, so we put them at the heart of what we do. That is why we are committed to clarity. We never hide behind jargon or buzzwords. We will never baffle you with legal speak or over complex terminology. We believe in plain English, clear information, and human interaction. Our charges and costs will also be discussed fully as soon as we know your situation, so you know exactly where you stand at all times.

Working together towards a resolution is better for everyone so our focus is to involve you in practical solutions to your problems.

We won’t demand; we will explain what we need.

We don’t dictate your actions; we advise you on the best actions to take.

We don’t threaten you or seek to force you to comply; we make it clear what needs to be done and ensure you know what is required legally as we progress.

In short, we work with you to make sure you understand what is needed and what will result in the best outcome. You will be given choices wherever they exist, and you may even be surprised how many options you have.

Whether we’re dealing with administration, liquidation, re-financing or re-structuring, our approach is the same.  We operate according to three non-negotiable values.  We call them our…

Three Pillars of Principle
Efficiency | Integrity | Empathy

Take the first step with us 

When a business is facing a financial crisis, there’s no time to waste. We promise to act quickly and bring all our experience to the table to:

To help you though, you will need to take the first step and get in touch. 

If the information on our website has left you concerned you need help, or you already know you want further guidance. You can book a free consultation here


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Help for Businesses

Smart Business Recovery are Insolvency Practitioners who can help directors looking for Business Insolvency, Liquidation or Recovery in Leicestershire, ... more

Personal Insolvency Practitioner

We don’t only work with businesses. We apply our experience and know-how to help people in personal financial difficulty. Are you struggling to ... more

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Find out more about how we can support you when times are tough.  We’re here to help with clear, straightforward support.

Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton) or email us on