Administration orders are becoming increasingly uncommon. One of the main reasons for this is the tendency for companies to appoint their own administrators outside of court proceedings. Nonetheless, such orders can still play a vital role in helping your business regain its footing.
One advantage of working under an administration order is that it provides you with the vital breathing space you need to liaise with creditors and suppliers whilst considering your company’s overall position and future.
Since our beginnings in business over a decade ago, McTear Williams & Wood has supported several companies work through administration orders in varying business sectors. This gives us the expertise and experience to predict any difficulties that you could have during this process.
To find out more about how an administration order could impact your business, visit us at our Chelmsford offices, where we can discuss all the options available to you both personally and as a company director.
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 Chelmsford 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