Are you suffering with cashflow? Is your valuable time as a director being eroded by constant communications with creditors, suppliers and HMRC? Do you wonder how you can pay back all your debt in the time stipulated by your obligations? If so then you are not lone as a business with many companies struggling at some point during their lifespan. What is the way out of this situation? Well one course of action is taking out a company voluntary arrangement. This allows you to consolidate all your debt into one single outstanding amount, which you will then be able to service with regular monthly repayments.
If you decide to implement a company voluntary arrangement then you will need to use the services of a registered insolvency practitioner to put your accounts into the required order and to gain your creditors consent to the terms of the proposed agreement. Is this the right course of action for you? Discuss the possibilities of a company voluntary arrangement at our London offices. Here you will be able to access the knowledge and experience of one of our expert advisors, giving you the full picture of the options available to you.
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 London office to discuss a company voluntary arrangement today. Call us now to set up your appointment on 0800 331 7417