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.

How we can help

Expert advice in difficult times

Finding the right answer for you and your business
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How we can help

Being in business is difficult and sometimes you are unsure who to get advice from and who to trust. We believe that because we have been helping businesses since 1990 we have seen most situations and can provide help and guidance to your current issues. 

Smart Business Recovery Limited is an independent business recovery and insolvency practice that focuses on working with SME businesses. We work from offices based in Leicestershire and Warwickshire but of course, cover the country offering our services.

Initial meetings are free of charge, confidential and impartial. By this we mean we will discuss your options but leave it to you make the decision of which option is best for you. We believe that we are trying to find the right answer for you regardless of the outcome to us.

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Latest Blog

When they were launched, the Bounce Back Loans were a unique event. No security needed, no personal guarantees and just a handful of rules. Now, as the pandemic dust finally settles, some Directors are concerned about whether the BBL will turn out to be more a curse than a blessing if they are facing insolvency.

You have probably seen various stories in the press about Directors of businesses being caught out because they were less than honest with their BBL ... more

Latest Blog

When they were launched, the Bounce Back Loans were a unique event. No security needed, no personal guarantees and just a handful of rules. Now, as the pandemic dust finally settles, some Directors are concerned about whether the BBL will turn out to be more a curse than a blessing if they are facing insolvency.

You have probably seen various stories in the press about Directors of businesses being caught out because they were less than honest with their BBL ... more

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We also understand people. We have a close empathy with the distress and unhappiness that accompanies financial crises - whether business or personal.  Read more about our Three Pillars of Principle