Business Insights | Advice for Directors | Forbes Burton

Solvent Liquidation: A Guide to MVLs

Robbie Meechan — Thu, 25 Jun 2026 15:53:01 +0000

In short: Solvent liquidations are possible through a process named members’ voluntary liquidations (MVLs). An MVL pools a company’s funds and assets together to distribute among shareholders and creditors before closure. MVLs can provide significant tax advantages compared to other company closure options. If you were to imagine a company liquidation, you’d be forgiven […]

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Can I Close a Limited Company with Debts and Start Again?

Chris Leadley — Thu, 28 May 2026 09:38:30 +0000

In short: Yes, the same director/owner can close a company with debts and start another business, providing that certain steps have been undertaken. The company in debt must be closed via a creditors’ voluntary liquidation, dissolution, or compulsory liquidation. There are restrictions in place for the new company, including rules around the naming of any […]

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Business Exit Strategies

Chris Leadley — Thu, 30 Apr 2026 05:59:53 +0000

No matter how well your company is doing, it’s always worth having some business exit strategies in place. Whether it be a long-term strategy that ensures you can eventually extract the most value possible from your company, or a contingency plan in case things don’t go to script, a business exit strategy should be something […]

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How to Manage Small Business Finances

Chris Leadley — Thu, 23 Apr 2026 08:33:56 +0000

In short: Be strict with invoices to avoid cash flow problems. Some industries, such as construction, are vulnerable to late payments when starting new projects is so costly. Consider opening an extra business account to siphon off 20% for each job into. VAT bills are then automatically accounted for. Have reserves in place for global […]

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How to Close a Franchise Business

Robbie Meechan — Thu, 16 Apr 2026 09:11:28 +0000

In short: There are several differences between the closure of an independent and franchise business. Most arise from the inclusion of a franchise agreement, which can differ greatly between franchises. Franchise model exit costs include early termination fees, projected lost royalties, admin fees and delivery costs of returning the franchisor’s assets. Business closure specialists can […]

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Best Cash Flow Management Tools for SMEs 2026

Robbie Meechan — Mon, 30 Mar 2026 08:38:05 +0000

As a business consultancy that offers company closure services, we’ve come across every conceivable issue that can force SMEs into insolvency. Chief among the reasons that many fall by the wayside is an inability to keep cash flows healthy. As such, we’ve compiled a list of some of the best cash flow management tools to […]

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Dissolve a Company Online: Your Options in the UK

Robbie Meechan — Mon, 16 Mar 2026 16:06:30 +0000

Business owners looking to dissolve a company online will be pleased to hear that the process is relatively simple. It’s a pretty straightforward case of completing a form on the gov.uk site and paying a nominal administration fee. The problem is that this process isn’t suitable for all businesses. Should your business have debt and […]

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VAT Payment Plan Helpline: How to Get the Best Deal

Robbie Meechan — Fri, 06 Mar 2026 15:27:39 +0000

Business owners looking for a VAT payment plan helpline have a couple of options available to them: either they ring and try to arrange one themselves, or they enlist the help of a specialist. While going down the DIY route may be tempting, we’ve seen countless cases of badly negotiated payment plans putting otherwise solid […]

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Best Small Business Tools for 2026

Robbie Meechan — Mon, 23 Feb 2026 11:41:06 +0000

With the rate of technological advances becoming somewhat dizzying, it pays to occasionally evaluate whether your current suite of tools is still the best option for your business. While there’s something to be said about using software that’s familiar to you and your staff, if you haven’t considered changing up for a few years you […]

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How To Close A Limited Company by Yourself

Chris Leadley — Tue, 25 Nov 2025 14:19:37 +0000

In short: Limited companies can be closed by their owners without any outside help. It’s highly recommended that those tempted to do so should contact a trustworthy company closure expert first to ensure that they can Even insolvent companies with debts can be dissolved. When it comes to forming a company, the whole process […]

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