With many businesses now deciding to appoint administrators outside of general legal proceedings, administration orders are not as common as they were in the past. However, for many companies they still represent an important part of the journey back to profitability.
One of the advantages of an administration order is that it suspends operations, giving directors a chance to liaise with suppliers and creditors to form a clear recovery plan – or even in some situations consider the possibilities for business restructuring.
McTear Williams & Wood has a proven track record in supporting companies achieve the optimal outcome from administration orders. We have even helped companies complete recover and become strong, profitable entities once again.
Visit McTear Williams & Wood at our local offices where you can explore whether an administration order in Peterborough is the right choice for your business.
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 Peterborough 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