When a business is on the back foot, many directors become emotional and allow a knee jerk reaction to dictate their response. After all, they often have a large degree of personal capital tied up in their continued success and constant pressures from creditors, suppliers, and HMRC can push the limits of their endurance. In these situations many start looking towards striking off their company or choosing a company voluntary liquidation.
But is it wise to let external problems and challenges dictate the trajectory of your company’s future? Is it not best to explore all the options and check that you are well-armed enough to make the right decision for the future of your business, staff, and shareholders?
The sooner you act, the more option there are available to you. Extend your payment window with HMRC using time to pay agreements, negotiate fair payments with your creditors with a CVA, restructure your business and shed unprofitable sections of the enterprise, all under the watchful eye of our accounting and legal experts.
How can we help you?
Free initial appointment - in the first instance we provide you with a consultation session to go through all the implications and obligations necessary for a company liquidation.
Review options for business recovery - even if you are insolvent, there may still be routes by which you can continue trading. We are able to help you understand how to close down your company and buy it back.
Calling a creditors meeting – - one of the key steps in implementing a CVL is setting up a meeting with your business’s creditors in order to pass the resolution to allow the liquidation and to confirm the choice of liquidator.
Company liquidation - during the liquidation process McTear Williams & Wood will manage the sale of your assets, handle any legal matters and distribute funds to the creditors amongst other key responsibilities.
Find out your best course of action with a meeting to discuss a potential company liquidation at our Corby offices. However, we would recommend that you move quickly as over time the spectrum of potential solutions available to any insolvent company can diminish quickly.
How else can we help? Other services we offer in your area: