Do you require a company voluntary arrangement in Colchester?

If troubles with debt and repayments are affecting your business then a company voluntary arrangement from McTear Williams & Wood could be the answer

Call us now for a free consultation on 0800 331 7417

Often it can be difficult for directors to admit that their business is in distress. However, when your day is full of phone calls from creditors, suppliers and HMRC and you simply cannot find the time to run your own business you may start wondering what options are available to you?

One way in which you can free your business from the shadow of debt is with a company voluntary arrangement. This allows you to simply consolidate your debt into a single amount of money owed to your debtors, which you can then serve with monthly repayments. It is one of the best methods of freeing up your time to focus on returning your company to profitability.

You will need to use a registered insolvency practitioner to implement a company voluntary arrangement, working on your behalf to produce up to date and accurate accounting records and communicating with creditors to secure their approval for the agreement.

Learn whether this is the right choice for your business by discussing a potential company voluntary arrangement at our Colchester office. Here you will be able to talk to one of our expert advisors who will be able to help you ascertain all the facts.

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 Colchester office to discuss a company voluntary arrangement today.  Call us now to set up your appointment on 0800 331 7417