Company Administration in Colchester

Find the vital space and time to bring your business back to its full profitable capacity.  What’s the best choice for your company?  Find out by calling us on 0800 331 7417

Even if your company is struggling and you think that you might not be able to recover, you could still have options. One of the most common routes back to success is through an administration order. It provides companies like yours with the space to talk to creditors, find additional finance and continue with operations and McTear Williams & Wood is ideally placed to provide you with assistance in working out whether a company administration is right for you in our Colchester office. Our team of experts has worked with a number of businesses in different sectors and industries giving us a wide range of experience.

Having trouble restructuring debt? Can’t meet your responsibilities like PAYE, tax, payroll and payments to your suppliers? Then a company administration could definitely be a viable option for you.

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 Colchester 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