If you’ve clicked this, you’re probably carrying a quiet worry.

Maybe it’s HMRC chasing.
Maybe it’s wages next week.
Maybe it’s the sinking feeling that you’re making decisions in the dark… and every option feels risky.

This page is here for the questions people don’t ask out loud. Not because they’re stupid… but because they feel exposing.

No judgement. No pressure. Just clarity.

 

Who this is for

  • Directors who want to know what’s safe, what’s risky, and what’s next
  • Accountants and advisers who need fast clarity on options and director exposure
  • Shareholders who want an orderly exit from a solvent company
  • Anyone who needs plain-English answers before they do something they can’t undo

The 40 questions

Use this as a checklist. Or your agenda if we speak.

A. The “are we insolvent?” reality check

  1. Are we actually insolvent, or just having a rough patch?
  2. What are the early warning signs you see before a collapse?
  3. If we can’t pay HMRC on time, what does that usually mean in practice?
  4. How long can we keep trading before it becomes wrongful trading?
  5. What should I stop doing immediately to protect myself as a director?
  6. Is a Time to Pay arrangement realistic for us, or are we kidding ourselves?
  7. Do we have to tell suppliers, staff, or customers that we’re in trouble?
  8. What’s the difference between being illiquid and insolvent, and which are we?

B. Director duties and personal exposure

  1. Could I be personally liable for company debts?
  2. What transactions get challenged later by a liquidator, and how far back?
  3. What’s a preference, and why does it matter if I paid one creditor first?
  4. What is misfeasance in plain English, and when does it crop up?
  5. Will I be disqualified as a director, and what tends to trigger that?
  6. Can I take dividends if the company is struggling? What if I already have?
  7. What happens with my director’s loan account if it’s overdrawn?
  8. If I’ve signed personal guarantees, what can I do now to limit the damage?

C. Can the business be saved?

  1. Can the business be saved, or is it time to stop?
  2. What would you do first if you were in my shoes this week?
  3. Is administration actually a rescue tool for SMEs, or mostly for bigger firms?
  4. Could we do an informal deal with creditors without formal insolvency?
  5. Can we cut our way to survival, or is the model broken?
  6. Should we sell part of the business or assets to raise cash?
  7. Can we renegotiate leases, finance, or supplier contracts quickly enough?
  8. If we restructure, how do we stop the same mess happening again?

D. CVL and liquidation: what it really looks like

  1. If we go into a CVL, what actually happens week by week?
  2. How quickly can we stop the pressure, the calls, and the legal threats?
  3. Do I have any control once a liquidator is appointed?
  4. What information will you need from us, and what if our records are messy?
  5. How are fees paid in a CVL, especially if there aren’t many assets?
  6. Will creditors hate me, and will you tell them everything I’ve done wrong?
  7. What happens to contracts, deposits, warranties, and customer orders?
  8. How long does a typical CVL take, and what slows it down?

E. Staff, redundancy, and the human side

  1. What do I tell staff, and when do I tell them?
  2. Can employees claim redundancy, unpaid wages, holiday pay, and notice pay?
  3. Will I be blamed for people losing jobs, even if I tried my best?
  4. Can we transfer staff into a new company, or is that asking for trouble?

F. Solvent exit and MVLs

  1. My company is solvent but I’m done. What’s the cleanest way to close it?
  2. Is an MVL worth it for me, and what’s the tax angle in real terms?
  3. What mistakes do directors make before an MVL that cost them relief later?
  4. If I want to retire and keep things tidy, what should I do in the next 90 days?

What happens when you contact Midlands Business Recovery

You’re not booking a sales pitch.

Usually, we do three things:

  1. Get the facts straight: cash position, HMRC, creditor pressure, assets, and director exposure.
  2. Map the options: rescue, informal restructure, CVL, MVL, or “not yet”.
  3. Give you a simple next-step plan you can act on immediately.

If a formal process isn’t right, we’ll say so. If it is right, we’ll explain why, and what it will actually involve.

Call us now on 07813 102014, or email paul@midlandsbusinessrecovery.co.uk

For accountants and advisers

If you’ve got a client who’s wobbling, you’re often carrying the stress with them too.

We can help you:

  • sanity-check solvency and director risk
  • plan an orderly exit (MVL)
  • reduce the chance of a messy, late-stage liquidation
  • keep communications measured and defensible

Disclaimer

This page is general information, not legal advice. Every case turns on the facts.
If you’re under immediate pressure from HMRC, a landlord, a lender, or a creditor solicitor, take advice quickly.

Most directors don’t need “more information”. They need to know what’s safe, what’s risky, and what to do next.

One confidential conversation can replace panic with a plan.

Call us now on 07813102014

 

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