Business distress is increasingly common. With the fast-paced nature of business and innovation impacting almost every market, it can be hard to consistently adapt and survive. All too often companies are left struggling with their cash flow, leaving suppliers frustrated and empty handed whilst dealing with the pressures of HMRC and payroll.
Nobody wants to see a business fail. And as a result, there are options available to the struggling company. One of the most acceptable of these is the CVA, which allows directors to restructure their debt in such a way as to satisfy creditor demands with one single consolidated payment on a periodic basis. Such agreements often buy companies the vital time and breathing space to return to profitability.
If you require assistance setting up a CVA for your Peterborough based business, then why not give McTear Williams & Wood a call? You can talk to one of our business partners and go through all the options available to your business. And when it comes to negotiating with your creditors, we help you reach an agreement that’s satisfactory for all sides.
Every day that your company wastes its resources managing creditors’ expectations and juggling cashflow is a day that you could use to run your business more productively. Implement a CVA today to free up your time and get back to doing what you do best.
McTear Williams & Wood is able to provide you an objective appreciation of your current financial situation and whether a CVA is a good option in a 1 to 2 hour initial consultation from our office in Peterborough. Find out by booking your free consultation and call McTear Williams & Wood on 0800 331 7417