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Insolvency advice in Solihull
Solihull business facing shrinking margins, unpaid fees or growing tax arrears? Understand whether repayment, restructuring or company closure is the right next step.
Insolvency advice in Solihull: what is the business able to sustain?
If a Solihull company cannot pay its bills, assess what its regular income can sustain after staff, property and tax costs. A short-term gap may be manageable. Repeatedly using borrowing or director funds to meet normal overheads calls for a more fundamental decision.
Vanguard helps owners and directors compare practical recovery measures with formal insolvency options. The starting point is the business as it is now, including commitments that cannot be reduced immediately.
When turnover no longer supports the overheads
A company may retain its office, senior staff and subscriptions after losing a major client. A hoped-for replacement contract can keep the old cost base in place for months. Work out the reliable fee income, the cost of changing the structure and the time it would take. Funding the same shortfall repeatedly is different from funding a specific, achievable turnaround.
We support companies in Solihull, Shirley, Knowle, Dorridge, Olton and Chelmsley Wood from Vanguard’s Birmingham head office. Telephone and video discussions are available for directors and, with permission, their professional advisers. Speak to us about any in-person arrangements before travelling.
Recovery and insolvency options for a Solihull company
If retained work supports current costs and a surplus, HMRC Time to Pay may help clear arrears. Include new liabilities and the cost of any planned reductions before setting the instalment. HMRC’s agreement is required; the company should not promise a repayment it cannot maintain.
A CVA may be suitable where the business can trade viably after defined changes but needs a formal creditor deal. Forecast the transition costs as well as the eventual savings. The proposal requires approval and enough funding to pay new bills while contributions are made.
Administration may support a funded rescue or sale where the statutory tests can be met. Recurring contracts, staff, assets and customer relationships affect the options. Control passes to the administrator, and a process must be justified by what it can achieve for creditors.
When future work cannot support the commitments and no recovery can be funded, CVL may be the appropriate closure route. It allows the company’s affairs to be dealt with formally. Personal guarantees, director loan accounts, employee claims and the fees need review before the decision.
Review income you can rely on, not just the pipeline
Bring contracted income, current debtors, payroll and property commitments. Identify cancellation terms, notice periods and the cost of changes already being considered. Include money introduced by directors and any guarantees supporting leases or borrowing.
We will help assess whether a smaller operation could meet its obligations or whether a closure review is needed. Owners and directors can have different concerns, so keep the company’s position separate from the wish to recover personal investment. Our business-owner advice explores that decision.
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Talk through the dependable income, ongoing commitments and changes needed to make the business sustainable.
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Questions from Solihull business owners
Should I put more personal savings into the company?
First identify what the money will achieve and whether the plan can work. A defined, funded change is different from paying another month of the same losses. Consider what you can afford to lose and any personal borrowing involved.
Can reducing costs avoid a formal insolvency process?
Sometimes, if the changes are achievable, affordable and sufficient. Include redundancy, lease and contract costs, and the delay before savings arrive. Do not assume a planned saving is immediately available cash.
Can I close one part of the business and keep the rest?
Potentially, but the combined effect on contracts, staff, property and funding needs assessment. A profitable division may still depend on shared costs or assets. Any transfer must be properly reviewed and documented.
Is a solvent closure different from insolvent liquidation?
Yes. A company that can pay its debts needs a different closure assessment, potentially including an MVL. Confirm the liabilities and tax position with the accountant rather than assuming every closure is a CVL.
West Midlands business health update
Insolvency-related activity fell year on year in Q3 2026, while overdue invoices increased. Read our West Midlands insolvency figures and cash-flow guidance, with two comparison graphics. The figures describe the wider region, rather than an individual town.
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