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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.



We fully understand that instructing us is a very difficult decision. We would always recommend that you speak to your trusted advisors and friends before making any decision. Below are some kind comments that people have said about us.


‘I have known Gavin for many years, and it is very reassuring to know he is always at the end of a telephone to discuss technical advice and willing to attend meetings at short notice to support any client who requires a calm presence at a time of great worry and commercial pressure, offering clear explanation and practical solutions to their personal and business circumstances. Gavin continues to be a great help to us.’

Accountant, Leicestershire.


‘Gavin is calm, knowledgeable, listens well, and gives great advice.’

Solicitor, Warwickshire


‘I was referred to Gavin Bates, Insolvency Practitioner, Smart Business Recovery Limited, through my Accountants, at the lowest point in my life. My first interaction with Gavin showed me he was professional. But after hearing my sad story, I was stunned by something quite rare these days. Gavin showed me that he has a big heart. Helping a drowning stranger was his primary objective and money issues were secondary.

Gavin Bates is trustworthy, professional and loves his job and mankind. I recommend him and his company to you because he goes the extra mile.'

Director, Warwickshire


‘Gavin has a great ability to explain what can sometimes be a complicated process in plain English and has always shown absolute honesty, integrity, and empathy when dealing with clients.’

Accountant, Warwickshire


'Gavin has been a tremendous help to the clients of our practice for more than 20 years.  He is always there to act as a sounding board and to provide advice and reassurance when the need arises.  He is pragmatic, commercial, and an ever-reliable professional.'

Accountant, Bedfordshire


'Gavin has provided clients with excellent advice over many years and informed clients of options on their individual circumstances.

He has also pointed out the Good, the Bad, and the Ugly.

If you need advice on insolvency for business or personal then Gavin should be your first port of call.

I would highly recommend Gavin and his team.'

Accountant, Warwickshire


“ I have known Gavin Bates in a personal and professional capacity for nineteen years or thereabouts.  Having worked with him I know I can rely on his accumulated experience and detailed technical knowledge to get the job done.  Gavin delivers practical solutions to clients on the issues they are facing either personally or in business."

Accountant, Bedfordshire


"I have attended meetings with Gavin and have been impressed with his ability to present advice in a straightforward way,  focussing on the essentials and offering solutions.  He is a most personable individual and can readily put clients at ease often when they are facing difficult circumstances.  I would not hesitate to recommend a client of my firm to him for any personal or business-related insolvency issue because I know they will get the best advice”

Solicitor, Warwickshire


'I have worked with Gavin on a number of occasions and have always found him to be commercial and fair when dealing with creditors and the business owner. He is able to help in what can be very stressful times.'

Accountant, Leicestershire


“Gavin Bates of Smart Business Recovery provided a highly professional, efficient service with transparent processes. All queries no matter how simple, or complex were dealt with in a supportive manner, which certainly made negotiating the minefield of MVL - more tolerable” 

Grateful clients of Warwickshire


'My firm has worked with Gavin over the last 20 years on a number of occasions, during this time he has assisted Directors when they faced some real challenges with their businesses.  Gavin is calm in his approach and extremely supportive during what can often be a distressing time for Directors and their families. He is honest, reliable and will strive to find a positive outcome for all parties involved in an insolvency situation.'

Accountant, Warwickshire


'Gavin and his team provide an excellent service to businesses and individuals needing advice on matters involving both insolvency and winding up a business with net assets. Caring and compassionate they expedite matters in a very professional manner.'

Accountant, Leicestershire

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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