Get the facts on a company administration Peterborough

Business in trouble?  A company administration could be the first step back towards profitability.  Want to know more, call now on 0800 331 7417

You’re not alone if your company is suffering from difficulties. Many businesses in the UK go through financial turmoil during their lifespan. A company administration helps many struggling enterprises navigate these tough times and find their way back to calmer waters.

Although a company administration requires the support of a third-party agency to conduct the businesses affairs during the administration period, this can buy you time to liaise with your creditors and consider options to alter your company’s structure.

McTear Williams & Woods has helped many directors deal with a company administration from our Peterborough offices. Our considerable experience in this area will help you achieve the optimal outcome from this tough situation.

Why not set up an initial consultation meeting to discuss your company administration? One of our insolvency experts will be able to go through all the options and help you understand the best course for your business. 

How else can we help?

  • 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 Peterborough 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