Business Survival Guides

Free Business Survival Guides

Helping your business in difficult times

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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.

Smart Business Recovery Leicester

Smart Business Recovery Leicester

MagazineLeicesterLeicester has a long history of commercial success in many areas. While the city may no longer have the same foundations of the shoe and hosiery trade it is now home to an eclectic mix of everything from traditional engineering through to hi-tech electronics development. In the current economic climate though, few industries are not facing an unsettled time and that can mean financial difficulty, cashflow issues, and even insolvency. That is where we can be of assistance. As insolvency practitioners with decades of experience in helping Leicester based businesses, we are here to help.

Smart Business Recovery will be there with you to re-assess your options and choose the right path when you are struggling with financial problems. Our first advice though is always that if you are facing financial difficulties, seek help early. We may be able to solve your issues via payment agreements with HMRC and your other creditors or if things are too far down the line, we may need to look at an insolvency solution through liquidation. In some cases, we can help in other ways, but speed is always a factor in the best solution. Whatever the outcome Smart Business Recovery will deal with you professionally, clearly, and above all with empathy for the difficult times you may be facing. We can also help you get the best result is you have reached the end of your working time and simply want wind down your business to retire.

When you need advice though, we think you will want to be able to speak to someone who has local knowledge and is able to offer you timely, independent advice rather than meeting with a large, corporate firm. Our experience in helping businesses with financial problems in Leicester, Loughborough, Hinckley and throughout Leicestershire, means we are the best, local, choice when you need help.

Our personal service is second to none when it comes to:

Business Insolvency: Clear, straightforward guidance and support.  Using our skill and experience to point you along the right path.

Members Voluntary Liquidation: Helping return money to shareholders when the time comes to cease trading while solvent.

Personal Insolvency: Supporting you with empathy and clarity through difficult personal financial circumstances.

Partnership Insolvency: Supporting you and your partners through the tough decisions that come with insolvency.

Business Advice: Using our years of experience to advise you with issues concerning Re-structuring, Re-financing, Debt Collection and Exit Strategies.

Financial problems in a business can be complex and difficult to navigate. We understand that and know that you want a resolution and to see where you stand for the future as fast as possible. That is why you should never delay if you think you need help.

Call us today if you are worried about solvency issues because the sooner we speak, the faster we can start to resolve your problems. 

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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 232 5117 or email us at