Are you looking to place your Bedford based company into administration?

Take back control in the face of adverse business circumstances and poor cashflow.  Call now on 0800 331 7417

Whilst many directors like to portray a picture of evergreen financial growth this is not always the case.  Often market forces, HMRC pressures and late payments from clients can combine to threaten your business with a negative balance and insolvency.  Fortunately there are routes back that will allow you to regain full control of your company.  One of the best known is the company administration.  You are allowed to appoint the Insolvency Practitioner of your choice to run the company, negotiate with creditors and resolve key accounting issues.

One option that’s taken by many directors is to liquidate the company and buy back key assets. These are subsequently used to relaunch the business as a new entity, shedding debt and focusing on the company operations that are profitable.  McTear Williams & Wood has helped many organisations regain profitability in this manner.

Why implement a company administration?

  • Prevents further legal action - going into administration prevents your creditors from issuing a winding up petition and attempting to completely close down your business.
  • Better realisation of assets – an administration can often achieve a better 'realisation of assets' and ultimately a better result than liquidation.
  • Trade through your difficulties - an administration can buy you vital time to continue, protecting a business from its creditors and meeting the needs of your customers whilst the business is restructured.

Act now for the best result

If you think a company administration is right for you meet one of our experts near Bedford to confirm whether this is the best option for your business.

Through prompt action you may be able to salvage more value, some more jobs and get yourself in a position to successfully buy back the business and assets so you can trade in a new incarnation.  Call McTear Williams & Wood for a free consultation appointment now on 0800 331 7417