When your company is struggling it can often be easier to simply avoid the problem rather than addressing the situation head on and looking for a resolution. However this could be impacting your ability to ask for effective advice. If the pressures and obligations of acting as a company director are beginning to impact both your personal and professional life it could be time to consider closing down your business with a creditors' voluntary liquidation (CVL).
No matter what your difficulties are with your current company, ranging from complete insolvency through to difficulties with cash flow or bad debt, a CVL will allow you to effectively end your responsibilities. The assets of your company are sold and the proceeds are used to repay your creditors. Often directors take the option to repurchase their old company and relaunch as a completely new venture, free from restrictive obligations. At McTear Williams & Wood we have helped a number of companies go through this process, starting again as new.
Contact us to talk about a potential creditors’ voluntary liquidation at our Ipswich office. You may find out you have more options than you think.
If you are looking to sell your business it is advisable to act as quickly as possible to ensure that you achieve maximum value. Don’t run your company into the ground when suppliers and customers lose confidence in your ability to deliver, which could impact your long term reputation.
McTear Williams & Wood can give you a free consultation which will cover all your options including a company voluntary liquidation in Ipswich, taking around 1 to 2 hours of your time. Book your appointment with McTear Williams & Wood today - call now on 0800 331 7417