Case Studies

Creditors’ Voluntary Liquidation Case Study: Construction Company Insolvency Support

Overview This case study looks at how we supported the directors of a construction company facing financial pressure through a Creditors’ Voluntary Liquidation (CVL). It highlights the practical steps involved, the options considered, and how early advice helped the directors meet their legal duties and minimise risk. The Situation The directors of a long-established construction…

Restaurant Liquidation Case Study: Creditors’ Voluntary Liquidation for a Hospitality Business

The Situation The director of a well-known casual dining restaurant sought insolvency advice after the business experienced a sustained period of financial pressure. Operating from a busy city-centre location, the restaurant had built a loyal customer base and employed 14 members of staff. However, like many businesses within the hospitality and leisure sector, it faced…

Pre-Pack Administration of a Franchised Dessert Restaurant

The Situation The director of a franchised dessert restaurant sought professional insolvency advice after experiencing increasing financial pressure within a challenging hospitality market. Operating from leased premises under a recognised franchise brand, the business had built a strong local reputation through social media engagement, repeat customers and a popular eat-in and takeaway offering. Despite these…

Orderly Closure of a Homecare Business Through a Creditors’ Voluntary Liquidation

The Situation The director of a regional domiciliary care provider approached Springfields Advisory Services after experiencing a prolonged period of financial pressure. Like many businesses operating within the care sector, the company faced increasing costs on multiple fronts. Rising wage costs, higher employer National Insurance contributions, growing compliance requirements and ongoing pressure on local authority…

Administration of a UK Logistics Company Following the Loss of a Major Customer

The Situation The directors of a UK logistics company sought urgent insolvency advice after the sudden loss of a major customer that accounted for a significant proportion of the company’s revenue. The business operated within a highly competitive sector characterised by tight margins, substantial operating costs and significant working capital demands. The loss of its…

Retail Business Rescue Through a Company Voluntary Arrangement (CVA)

The Situation The directors of a multi-site retail business approached us when rising costs, changing consumer behaviour and an inflexible property portfolio were placing significant pressure on cash flow and profitability. Despite these challenges, the business retained a strong brand, loyal customer base and several profitable locations. However, a number of underperforming stores and long-term…

Early intervention that preserved value & avoided insolvency entirely

The Background A long-established, owner-managed SME operating in the services sector had experienced a sudden deterioration in cashflow. Despite appearing profitable on paper, the business was under mounting pressure from: The company’s accountant identified that, while formal insolvency was not yet inevitable, the directors were approaching a point where delay would materially increase risk. Recognising the need…

HMRC Time To Pay arrangement for a growing SME

A UK-based SME operating in the services sector experienced increasing cash flow pressure following a period of rapid growth. While turnover had increased, working capital had not kept pace, resulting in arrears building across PAYE and Corporation Tax liabilities. The director was concerned that continued HMRC pressure could escalate into enforcement action, placing both the…

A smooth, stress-free MVL for a solvent and long-established company

Introduction Closing a solvent company is a significant milestone, and directors want the process handled with clarity, certainty, and professionalism. This case study highlights how Springfields delivered a seamless Members’ Voluntary Liquidation (MVL) providing a tax-efficient exit, full compliance, and complete peace of mind for a long-established business ready to close its doors. Background After…

Turning Crisis into Continuity: Rescuing 7 Pizza Hut Franchise Stores

Client Profile Operators of seven Pizza Hut franchise stores across the Midlands and Sussex, owned and run by local franchisees, were facing severe financial distress. The Challenge The businesses were experiencing mounting cash flow pressures due to rising finance costs, tough market conditions, and shifts in consumer behaviour. With liabilities building and limited liquidity, the…