Company Turnaround & Administration in Norwich

Create some breathing space to restructure your business by going into administration. Let McTear Williams & Wood manage your business administration. Call now on 0800 331 7417

If your business in Norwich is having trouble meeting its financial obligations then a company administration could be the most effective course of action. It gives you essential breathing space to manage your businesses affairs, escape debt and return to profitability. With a history of helping business across a wide variety of sectors we have supported numerous clients through this strategy to a satisfactory conclusion. Contact McTear Williams & Wood in Norwich to discuss your business administration.

When you can no longer restructure debt and the lines of communication with creditors have broken down, administration could be the next sensible option for your business. You have power to appoint an administrator of your own choosing to handle your businesses affairs. Our team of experienced business turnaround managers can act in this capacity and help you get your business back on its feet. We have helped a number of businesses in different industries find an effective route back to profitability and recovery.

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 business administration is right for you meet one of our turnaround managers in Norwich 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