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.

Business Insolvency, Liquidation or Recovery

Helping Business in the Midlands
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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, Northamptonshire and Warwickshire

How we can help

We genuinely understand how stressful and worrying critical businesses situations can be.  We know you don’t need to be molly-coddled.  You need support and advice that’s clear and straightforward.  But you also need an empathetic approach.  Dealing with a business crisis is a heavy burden to bear.  We see our role to ease the pressure of that burden - making sure that all processes are carried out as smoothly, swiftly and with the minimum of stress to you and your colleagues, partners or employees.

We offer an initial meeting which is free of charge, confidential and impartial. What is important to us is that we find the right answer for you.

Leicester: 0116 2967507  Coventry: 02476 017639 

Northampton: 01604 263179 Warwick: 01926 969000

Our Services

Smart Business Recovery provides a range of services and details of the most common are below. However, we fully understand that it can be difficult to know which service is the right one for you. Please feel free to explain the options below as each has its own page. Alternatively, give us a call and we will happily discuss your options. 

Administration ✔️ 

Protecting your company as it becomes insolvent. Giving you the time and space to take the best next step.

CVA ✔️ 

A Company Voluntary Arrangement, where you agree with your creditors to delay or compromise the debt payment

Creditors’ Voluntary Liquidation ✔️ 

The Company Directors agree to wind up the company, realising the assets and distributing the proceeds to the creditors.

Members Voluntary Liquidation ✔️ 

Where your business is solvent, and you pay off all creditors whilst winding up the company.

Compulsory Liquidation ✔️ 

When the Court orders the winding-up of a company and the Official Receiver is appointed.

 

 

 

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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), 02476017639 (Coventry), 01604 263179 (Northampton) or email us at info@smartbusinessrecovery.co.uk