Helping Businesses Navigate Insolvency
We are licensed insolvency practitioners who are dedicated to helping your business.
Authorised by the Insolvency Practitioners Association
Member of the Association of Business Recovery Professionals (R3)
Member of Association of Chartered Certified Accountants
Member of the Institute of Chartered Accountants in England and Wales
Administration
Company Voluntary Arrangement (CVA)
Creditors' Voluntary Liquidation (CVL)
Compulsory Liquidation
Members’ Voluntary Liquidation (MVL)
Personal Insolvency
Restructuring Plan
How we can help you and your business
When considering liquidation or financial trouble in your business it is important to pick the right service for your situation to prevent further financial damage.
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Creditors Voluntary Liquidation (CVL)
A Creditors’ Voluntary Liquidation (CVL) takes place when a company can no longer pay its debts and there’s no chance of the business recovering. The directors may then decide to ‘voluntarily’ apply for liquidation, also known as Creditors’ Voluntary Liquidation (CVL).
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Members Voluntary Liquidation (MVL)
Members Voluntary Liquidation is a formal process allowing solvent companies to be liquidated resulting in any surplus funds/assets to be distributed to its shareholders.
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Dissolve a Company (Strike Off)
It’s a formal request to the court to liquidate the company due to its inability to settle its debts.
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Company Administration
Company Administration is a legal procedure where an insolvent company is placed under the control of an administrator. This process is designed as a means to support the company in a period of financial distress, providing a structured approach to managing its challenges.
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Company Moratorium
A Company Moratorium is a legally sanctioned period where insolvent companies receive protection from creditor actions and legal proceedings, allowing them to restructure and strategies for recovery.
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HMRC Debt Management
HMRC Debt Management is a critical division within Her Majesty’s Revenue and Customs (HMRC) in the United Kingdom, tasked with overseeing and recovering outstanding tax debts.
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About Support My Business
My Business Support offer a wide range of services. From helping clients to stabilise their cash flow by preparing financial forecasts, negotiating with key creditors or raising funding, through to undertaking formal insolvency appointments for businesses under more severe financial pressure.
We also provide advice and guidance on fraud to help our clients both prevent, detect and prosecute fraudulent activity.
Discover our Resource Hub
Check out our helpful library of blogs, guides and the latest news.
Go to Resource HubArticles
Can a Company Still Trade if it is Insolvent?
If your company is facing insolvency or liquidation, you cannot continue trading. As a director, once you have decided to enter into liquidation, you must...
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How Much Does It Cost to Liquidate a Company?
The cost of liquidating a company usually varies depending on the type of liquidation required, the size and complexity of the company, and the assets...
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What Happens to Employees in Liquidation
When a company goes into liquidation, the employees are typically made redundant immediately. These employees then become preferential creditors for most of the amounts owed...
Read moreWhy Choose Support My Business?
Whether it’s cashflow problems, refinance, solvent exits or fraud, we’ll help you develop a realistic strategy and manage key relationships. If things come to the worst, we’ll guide you through the challenges of a formal restructuring or insolvency process.
5 Star Rated Customer Service
100s of Business Owners Assisted
Over 10 Years of Experience
Offices Across the Country
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Get in touch today to see how My Business Support can help your business.
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We have an amazing team of insolvency experts who are there to guide you through the process and offer industry-leading advice. Get in touch with us today!