SBR is a restructuring process designed to keep viable businesses trading, while liquidation winds the company up and sells its assets. Voluntary Administration is also a restructuring pathway, but it hands control to an administrator, applies to companies of any size, and is typically more complex and costly. SBR was purpose-built for small businesses (under $1 million in liabilities), keeps directors in control, and moves faster than VA. For eligible companies, SBR is often the most appropriate middle ground between doing nothing and winding up.
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