The last thing any director wants to do is to walk into work and find an administration order waiting for them. When your business has been struggling and the liabilities are mounting receiving an order can feel like the final stage of your business journey. Even the most resolute and determined company directors are likely to find this situation unsettling. However with quick actions and a decisive attitude it is possible to turn this situation around. There is a time window between the issuing of the order and your appearance in court that can be used to communicate with creditors, work with shareholders and investors and even seek additional finance.
McTear Williams & Wood has helped the majority of our clients that have been served with an Administration Order make a full recovery. Through effective business recovery techniques such as restructuring and finance it is possible to return to profitability in a relatively short period of time.
There may be a considerable amount of value left in your business however in an insolvency this will depreciate rapidly in a short period of time. An initial 1 or 2 hour appointment with one of our expert advisors in Bournemouth will detail all the options available to your company and help you understand the ideal course of action which may include an Administration Order. By delaying some of the options will cease to be available to you and your range of choices will become narrower. To book your appointment with McTear Williams & Wood call us on 0800 331 7417
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