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 Refinance Strategies

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Business Refinance Strategies

Is your business weighed down beneath a mountain of debt? Are you concerned about your company’s viability? Are you close to insolvency?

Of the many options open to you, refinancing may be the most appropriate.

The good news is that there is an increasing number of innovative options available to you - merchant cash advances or peer-to-peer loans, to name but two.

The difficulty lies in

  1. deciding whether refinancing is the best long-term option
  2. choosing the best product for your business

We’ll help by working with you on a detailed analysis of your current trading position.  Then, we’ll come up with recommendations for the best way forward. If you decide that refinancing the business debt is the most suitable approach, we’ll use our expertise and our extensive network of contacts to come up with the most appropriate solution.

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Credit Control & Debt Collection

Why cash flow matters Cash flow is critical to every company. Even if your company isn’t in trouble, getting the cash coming in more quickly will ... 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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Are you concerned for the future of your business? Have you considered refinancing the company? 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