Get all the facts on a company voluntary arrangement in Chelmsford

Can't pay all your bills?

Cashflow issues threatening to cripple the day to day
effectiveness of your business?

Get professional advice from McTear Williams & Wood

Call now on 0800 331 7417

You would be surprised at how many businesses suffer financial distress during their lifetime. Late payment of invoices, pressures from HMRC, quarterly staff bonuses –these can serious impact a company’s ability to generate the funds needed to operate effectively. And worse still, if the management is engaged with servicing the debt, are they running the business? 

Did you know there may be another way? You can implement a debt-busting measure called a company voluntary arrangement that allows you to restructure all your debt into a single sum, which can then be easily managed with regular payments, meeting all your creditor demands at once. 

To make the necessary arrangements you will need the support of registered insolvency practitioners, who negotiate with your creditors to arrange an acceptable schedule of payments. 

If you would like to find out more, why not set up a meeting to discuss a company voluntary arrangement at our Chelmsford offices? Ask any questions you may have and find out all the options with a simple 1-2 appointment with one of our experienced senior partners. 

Why choose McTear Williams & Wood?

  • The right facts and figures - you need the right evidence to support your claims that your company can return to profitability and meet the financial obligations of a company voluntary arrangement. We will find this information for you.
  • Working with creditors - it is essential that your creditors submit to the proposed schedule of repayments stipulated in a company voluntary arrangement. We will put your case to them and help explain why this course of action is in their interests.
  • Accountancy support - we understand how to present your accounts to your creditors in order to provide them with a fully accurate and transparent picture of your current situation.
  • Expert consultation - pick up our best advice on how to resolve your situation in a simple one to two hour meeting. If we do not think a company voluntary arrangement is the best for you then we will provide you with some ideas for alternative course of action.

Your next step

Time is critical with a company voluntary arrangement. Whilst there is still liquidity left in your business it is easier to put such an agreement in place, however if the situation is allowed to deteriorate then it may be the case that this option is no longer available to you.

Act now to achieve the best result for your business turnaround.   Visit McTear Williams & Wood at our Chelmsford office to discuss a company voluntary arrangement today.  Call us now to set up your appointment on 0800 331 7417