No one enters the business world believing that they will have to one day shut their company down.  However, when your liabilities substantially outweigh your assets and you’re experiencing poor cashflow then you a company bankruptcy may be your best course of action. In such situations a company liquidation will allow you to legally close your company.

When you implement a company liquidation you can lawfully appoint your own liquidator. This authority will take over your company, close down your accounts and effectively sell off all your assets to satisfy the demands of your creditors on a priority basis.

In some situations company directors are permitted to purchase key company assets following a liquidation which can in turn be used to relaunch your business as a new entity.  McTear Williams & Wood has helped many businesses through a similar process and can advise you on how to restructure and return to profitability.

Why use McTear Williams & Wood?
  • Avoid personal liabilities – one of the biggest concerns of any director when closing down their company is avoiding personal liability. McTear Williams & Wood will work to make sure your accounts are in the correct order.
  • Work with one of our directors – all of our engagements are led by a director, ensuring that you receive the full benefit of our extensive knowledge and experience of company bankruptcy.
  • Full turnaround services – is liquidation the right choice for you? If you decide to try to return to profitability we can provide you with additional finance, restructuring and even interim management to support your business through this time.
  • Free initial consultation session – in the first instance we always provide our clients with free advice. Simply put, we can tell you if your business will succeed or fail and outline any potential routes of recovery.

Want to know more about your choices?  Act quickly and you may have more options than you realise.  Book an appointment to discuss your company bankruptcy at our Kettering offices and receive free, confidential and impartial advice about how you can return your business to profitability.

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