Get the facts on a company bankruptcy in Peterborough

Can't pay your business debts?  Company effectively insolvent?

Cease trading with the support of McTear Williams & Wood

Contact us now on 0800 331 7417

If you no longer have the ability to regain profitability, you may be considering a company bankruptcy. When the calls and letters from debtors are mounting up and the search for new business is fruitless, you can close your business and limit personal liability with a company voluntary liquidation. 

This process grants you the power to appoint your own liquidator to finalise your company’s affairs. They will oversee the final sale of all your remaining assets to generate the funds necessary to satisfy your outstanding debts on a case-by-case basis. 

Some directors choose to purchase back their company once all the debt has been shed during this process and relaunch it as a completely new entity. Many businesses have returned to growth and profitability in this way. McTear Williams & Wood has the experience to make this process as smooth and trouble free as possible. 

Want to know more? Book in an appointment to discuss your company bankruptcy at our Peterborough offices and get all the information on your situation. We will give you specific advice across a 1-2 hour consultation session that will help you understand the options that are available to you. 

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.

Your next step

If you are thinking of going through a company bankruptcy this could be an extremely difficult time in your business life as a director. However, there could still be a number of options available to you.

Act now to find out all the facts about your current situation. However, be aware that as creditor pressure mounts, some options will close off to you in the course of time. Call us now to discuss your company bankruptcy at our Peterborough offices.  Contact McTear Williams & Wood today on 0800 331 7417