Cambridge Company Administration

If your company is struggling this could be the ideal way to find the space to pay off creditors and return to business as usual.  Find out all the facts, call us now on 0800 331 7417

Many companies have difficulties at some point during their lifespan. One of the most effective courses of action, helping get your affairs back in order is a company administration. It is a serious statement of intent in returning to profitability.

At McTear Williams & Wood our experts have helped many businesses successfully negotiate a company administration from our Ipswich office. With our clients coming from a wide range of industries and business sectors, we have built up the experience to offer effective and insightful advice. If time is running out on your ability to pay off your creditors and the demands of your business are growing on a daily basis, then administration could give you the time and space to focus on your company’s functions and vital operations.

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 in Cambridge 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