Are the pressures and obligations of running a company beginning to become too much to bear? Is your business struggling to meet the demands of payroll, HMRC and your suppliers? Do you find yourself looking for a solution, but you’re not sure what it is? If running a business is taking too much of a toll on your life, then there is a light at the end of the tunnel. In such circumstances a creditors’ voluntary liquidation (CVL) could be the answer you need to resolve the difficulties.
A CVL allows directors to close down their insolvent company. All the remaining assets are sold off and the proceeds are used to pay off your debt. No matter what event has led to the insolvency, you are allowed to appoint your own liquidators to handle this process on your behalf. One option chosen by many directors is to purchase their old company in order to launch it again as a new enterprise. At McTear Williams & Wood we have considerable expertise at helping clients with such a process, breathing a new lease of life into their old business.
Find out the best option for you. Discuss a potential creditors’ voluntary liquidation at our London office and see what the implications could be for your business.
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 London, taking around 1 to 2 hours of your time.
Book your appointment with McTear Williams & Wood today - call now on 0800 331 7417