Even though administration orders are not as common as they once were, they are still a vital legal instrument in helping businesses like yours return to profitability and gain breathing space to negotiate and form agreements with creditors. Many companies these days prefer to allow their board of directors to find administrators outside of the courts, however if you are thinking of closing your company to escape the difficulties and stress of running a business an administration order could be the right move.
At McTear Williams & Wood we have work on behalf of numerous clients in a wide range of different sectors helping make applications to Court for Administration orders with a focus on the right outcome. If you want to know whether such a move could be right for you, then one of our experts can discuss an administration order at one of our offices in East Anglia.
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 East Anglia 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