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.

Professional Advisors

How Smart Business Recovery can help your clients? 

It is not a surprise that clients will approach you when they have fallen on hard times. Clearly, they are looking for clear and concise advice.

We also understand that when you refer your client on to us that it is essential that they get the right advice.

We are proud of the fact that the majority of the new enquiries received by Smart Business Recovery Limited are from professional advisors, many of whom we have worked with for 20 years or more. Some kind of testimonials can be found here.

We feel the reason why we have worked with many people over a long period of time is that we provide the very best advice to the client regardless of the outcome to ourselves. So, if we can find a way to solve your clients’ problems, all the better because you have a happy client and ongoing fee income.

How can we support you and your client?

It can be difficult when a client is heading towards insolvency and Business Recovery and Insolvency is a complex environment with the rules changing all the time. We offer a free initial meeting to both you and your client to understand the issue, providing advice and support.

Smart Business Recovery is not an accountancy or legal practice, therefore, we often work with the professional advisor to the benefit of the client. A common example is a solvent liquidation. The accountant will be required to complete the final account and all outstanding tax returns to ensure that we, as the liquidator, can get clearance to bring the liquidation to a close.

We also provide help and advice on the following.

·        Represent your client at Creditors’ meetings.

·        Assisting clients and landlords when a client has entered an insolvency process, such as retention of title claims, landlord issues etc.

·        Helping your client understand the paperwork received from Insolvency Practitioners when a client has entered an insolvency process.

·        Helping directors who may have received claims from other insolvency practitioners.

·        Redundancy advice.

·        Debt collection.

 

We are always happy to have a chat so whatever the question please feel free to give us a call.

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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 at info@smartbusinessrecovery.co.uk