Business Recovery Solutions That Work for You
At Campbell Crossly & Davis, we understand how stressful it can be when your business starts to struggle financially. When a company finds it hard to pay bills, meet payroll, or deal with mounting debts, acting quickly is vital. Our business recovery services are designed to help companies, partnerships, sole traders, and individuals find the right way forward.
Whether you’re facing unpaid taxes, poor cash flow, or pressure from creditors, we’ll guide you through different business recovery solutions. As trusted insolvency practitioners, we’ve helped many businesses through difficult times. Our goal is always to protect value, reduce stress, and create a clear plan for recovery or closure, depending on what’s best for your situation.
Knowing When to Ask for Help
Many business owners try to manage financial distress on their own for too long. However, delaying action can reduce the options available. If you’re struggling to pay suppliers, falling behind on tax payments, or facing legal letters from creditors, it’s time to speak with a professional.
At Campbell Crossly & Davis, we don’t judge. We listen, assess your situation, and explain the solutions clearly. Early support often makes the biggest difference, and recovery is possible if the right steps are taken in time.
Our Business Recovery Services
Every business is different, and so is every solution. We take time to understand your company, its challenges, and your goals. Whether you want to restructure, repay debts, sell the business, or close down in the right way, we’ll help you move forward with confidence.
Company Administration
Company administration protects a business from legal action while a plan is made to save or restructure it. A licensed insolvency practitioner takes temporary control, allowing breathing space to stabilise the company and explore options.
At Campbell Crossly & Davis, we use administration to help protect jobs, save valuable parts of the business, and give directors a better chance of recovery. It’s often the first step towards a successful turnaround or sale.
Company Voluntary Arrangement (CVA)
A CVA is an agreement between your company and its creditors. It lets the business repay part or all of its debts over time, often with reduced payments. A CVA works best for companies that are still viable but need help managing their debts.
We prepare the full proposal, negotiate with creditors, and guide the business through the process. Our experience means we know how to make CVAs work for both the business and those it owes money to.
Liquidation Services
Sometimes, closing a business is the best or only option. If your company is insolvent and can’t be saved, a Creditors’ Voluntary Liquidation (CVL) may be appropriate. For solvent businesses, a Members’ Voluntary Liquidation (MVL) helps close down operations in a tax-efficient way.
We manage all parts of the process, from legal duties to creditor communication. While liquidation is never easy, it can bring peace of mind and allow directors to move on with a clean slate.
Restructuring to Get Back on Track
Not every business needs formal insolvency to recover. Often, a smart restructuring plan is all that’s needed. We help companies fix what’s not working and build a stronger, more stable future.
Our restructuring work can include:
- Reviewing cash flow and working capital
- Cutting or changing unprofitable areas
- Rescheduling debts or negotiating better terms
- Helping raise new finance or investment
- Supporting management with planning and decisions
We don’t apply generic plans. At Campbell Crossly & Davis, every solution is tailored to your needs. We focus on getting results, whether that means staying in control, returning to profit, or preparing the business for sale.
Support with Personal Debt
If you’re facing personal financial distress, either due to business issues or separate problems, we’re here to help. We offer solutions for individuals as well as companies, including support with personal insolvency.
This includes help with:
- Individual Voluntary Arrangements (IVAs)
- Bankruptcy advice
- Debt management strategies
We’ll explain the risks, the benefits, and what each option means for your future. Our team is professional, discreet, and committed to finding the best outcome for you and your family.
Dealing with HMRC Debt
Many companies fall behind with tax payments. HMRC arrears can build up fast and lead to serious consequences. However, if you act early, it may be possible to agree on a Time to Pay (TTP) arrangement. This allows you to repay tax debts in instalments and avoid enforcement action.
At Campbell Crossly & Davis, we know what HMRC expects. We’ll help you present your case, show that repayment is realistic, and improve your chances of success. A TTP plan can often keep your business trading while reducing pressure.
Guidance for Company Directors
If your business is struggling, it’s important to know your responsibilities. Directors who continue to trade when a company is insolvent may become personally liable for its debts. That’s why getting advice early matters.
We help directors understand their duties and take the right steps to protect themselves. If your business enters administration or liquidation, we’ll also support you through the legal reporting process and any investigation by the Insolvency Service.
Resolving Disputes in Difficult Times
Financial pressure can lead to disagreements between business partners, shareholders or directors. These disputes can make recovery even harder and risk damaging the business further.
We provide impartial advice and help resolve these issues before they escalate. Whether it’s a disagreement over direction, an exit strategy, or a breakdown in trust, we’ll work with everyone involved to find a fair and practical way forward.
Selling Your Business Under Pressure
Selling a business isn’t always a sign of failure; sometimes, it’s the best strategy. If your company is facing financial difficulty but still has value, we can support a sale that protects jobs, repays creditors, or gives the owners a clean exit.
At Campbell Crossly & Davis, we manage business sales in challenging conditions. We handle negotiations with care and discretion, drawing on a wide network of potential buyers to find the right solution.
Who We Work With
Our business recovery services are suitable for:
- Small and medium-sized companies
- Larger businesses and corporate groups
- Partnerships and LLPs
- Sole traders and freelancers
- Business owners with personal debt problems
- Creditors and investors looking to protect their interests
Every case starts with a full review of your situation. We take time to understand your goals, obligations, and concerns. Then we help you make the best decision, whether that’s rescue, restructure, or closure.
Common Questions About Business Recovery
How do I know if my business is insolvent?
If you can’t pay your bills when they’re due, or if your liabilities are greater than your assets, your business may be insolvent. We can help confirm your position and advise on next steps.
What’s the difference between administration and liquidation?
Administration is focused on saving the business. Liquidation is used when the company must be closed. We’ll help you understand which option is right for you.
Can I still be a director after liquidation?
In most cases, yes. As long as you’ve acted responsibly, liquidation will not stop you from being a director in the future. We’ll help you understand what to expect.
Are your business recovery services expensive?
We’re clear and fair with fees. Costs depend on the complexity of your situation, but we always explain charges upfront and offer value for money.
What if I’ve signed a personal guarantee?
We can advise you on your options and the impact of personal guarantees. This may include personal insolvency solutions if needed.
Speak to a Business Recovery Specialist Today
At Campbell Crossly & Davis, we’re here to help you take control of a difficult situation. Our team combines practical experience with strong technical knowledge and a clear, supportive approach.
If your business is under pressure or if you’re dealing with personal debt linked to your company, our business recovery services can help you regain stability. From advice to action, we’ll be with you at every stage.
We can offer a free telephone or video call consultation to see how we can help you. If you’d like to find out more and arrange yours, please contact us today via 01253 349331 or info@crossleyd.co.uk