Is your company struggling? Whether adverse market conditions or external circumstances have caused you to suffer financial difficulties it may be tough to decide your next course of action. With constant pressure from creditors and banks you may need additional support in understanding the implications of this situation.
One option is to cease trading with a creditors' voluntary liquidation, which effectively ends your company. This allows you to formally end your relationship with the business, all the assets are liquidated in a final sale before the proceeds are used to satisfy the demands of your creditors. When you decide to liquidate your company with a CVL you are allowed to select your own insolvency practitioner to oversee the process. McTear Williams & Wood has a considerable experience in guiding businesses in a number of sectors successfully through this time.
If you would like to know more, book an appointment to discuss a company liquidation at offices near Bury St Edmunds. You will meet with one of directors to discuss the best options available for your business.
If you have been declared insolvent it is likely that your company’s value is rapidly depreciating. Through rapid action it is possible to ascertain the best price whilst still retaining your customers. McTear Williams & Wood is able to provide you with a quick resolution in such circumstances.
Why not find out how a CVL could work for your business? Arrange a free company liquidation consultation with McTear Williams & Wood at our office near Bury St Edmunds and we’ll assist you in understanding the full range of implications. Call us now on 0800 331 7417