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 Advice

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Business Advice

More strings to our bow

If your business is in trouble, there are almost always more options than you realise. Administration or liquidation isn’t necessarily the only answer.  Our financial know-how and experience mean that we’re perfectly positioned to support and advise you in the many alternatives that might be open to you.

Exit Strategies

Only with a professionally planned Exit Strategy will you maximise your profits when you sell your business.

Credit Control & Debt Collection

Cashflow is critical to every company. Getting the cash coming in more quickly can make all the difference.

Restructuring

One answer to rescue a struggling business is to restructure its debts, perhaps by selling off unnecessary assets.

Refinance

If you’re struggling with cashflow, refinancing your debt can be the answer, often resulting in lower repayments
 

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Exit strategies

What is a Business Exit Strategy? Essentially, this would be your strategic plan to sell your ownership of your company to investors or to another ... more

Business Restructuring

One answer to rescue a struggling business is to restructure its debts, perhaps by selling off unnecessary assets. Whenever possible, our goal is to ... more

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Find out more about how we can support you to find an alternative to liquidation or administration. We’re here to help with clear, straightforward guidance.

Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton) or email us on info@smartbusinessrecovery.co.uk