Your business is not alone if it is suffering from some kind of cashflow distress. Pressures from creditors including HMRC could be seriously impacting your ability to focus on the vital tasks of running your business. And, of course, servicing your debt could be eating away at your profitability. Business should not have to be like this and that's why a company voluntary arrangement could be the answer to your current difficulties. It allows you to come to an agreement with your creditors where you restructure your debt into a series of affordable monthly payments.
If you are thinking of implementing a company voluntary arrangement it is worth nothing that it needs to be set up by registered insolvency practitioners who will work on your behalf to communicate with creditors and work with your accounts. Want to know more? Book in for a simple one to two hour consultation session to discuss the possibility of a company voluntary arrangement at our Ipswich office where you'll be able to access the knowledge and experience of one of our expert advisors.
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 Ipswich office to discuss a company voluntary arrangement today. Call us now to set up your appointment on 0800 331 7417