Business recovery, exit and insolvency support

At Frost Group, our licensed insolvency practitioners have a great deal of experience and expertise in helping businesses that are facing insolvency.

Is your company insolvent?

It is very easy to determine whether your company is insolvent. The Insolvency Act lays down a few simple tests, two of which stand out:

1. Balance sheet test – are your assets less than your liabilities? Yes, you are insolvent; No, you are probably not insolvent
2. Cashflow test – can you pay your debts as they fall due? Yes, you are not cashflow insolvent; No, you are probably trading insolvently and might have a problem

If your company is insolvent or you think it might be, do not panic, it may only be a temporary problem and you may trade out of it.

However, you must seek further advice otherwise if it goes under at a much later date, you could find yourself answering some tricky questions and possibly being asked to contribute towards the deficiency to creditors.

We can offer advice on the following services:

1. Early-stage support (pre-insolvency)

• Cash-flow pressure, HMRC arrears, creditor management.
• Restructuring advice and turnaround options.
• "More options when you act early" positioning.

2. Formal insolvency processes

• Creditors' Voluntary Liquidation (CVL).
• Administration (where viable).
• Managed, compliant closure with creditor protection.

3. Solvent exits

• Members' Voluntary Liquidation (MVL).
• Shareholder distributions and structured wind-downs.
• Working alongside accountants/tax advisers.

4. Director and stakeholder support

• Clear, confidential conversations.
• Guidance through legal duties and risks.
• Coordination with accountants, solicitors, and creditors.

Eligibility requirements

For businesses with financial traction, looking to exit or facing insolvency.