Is your business trying to resolve cashflow issues? Are late payments from clients and pressures from HMRC threatening to derail your business? If this is the case them a company administration could be the helping hand you need to return to profitability.
Get the time and space you need to resolve issues and choose the best option for your future. You could potentially liquidate your business and buy back key assets as a third party and use them to relaunch your operation as a new entity, shedding debt and the commercially unviable parts of your business.
At McTear Williams & Wood, we have helped many companies across diverse business sectors find their way back to a positive balance. Access our years of experience and achieve a similar outcome for your business, staff and fellow directors.
Why implement a business 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.
Trade through your difficulties - an administration can buy you vital time to continue meeting the needs of your customers whilst the business is restructured.
Better realisation of assets - an administration can often achieve a better result than liquidation.
Contact our offices and set up an appointment to discuss a potential company administration for your Corby company. In a simple one to two hour meeting we’ll be able to give you our best advice, guiding your way forward for a brighter financial future.
How else can we help? Other services we offer in your area: