Insolvency Services in London

If your business is struggling it can be difficult to know what will provide you with the most suitable outcome.

 McTear Williams & Wood will give you the expert insight you need.

Call now on 0800 331 7417

No one wants to suffer business distress. With the pressures of creditors bearing down on you and experiencing problems with your cashflow, it can seem like a cold and lonely place when you’re not overcoming the challenges to your success. What should you do at a time like this?

 The truth could be that your stalwart attitude to business, together with a headstrong approach that consistently drives forward could actually be impacting your own ability to ask for help at this difficult moment. Because if you were to request the help of McTear Williams & Wood the chances are that we could aid your business in getting back on the road to profitability. And even if we can’t help you get back to growth, we can provide you with services like a company voluntary arrangement or creditors' voluntary liquidation to allow you to manage your current situation.

All you have to do is call one of our insolvency advisors at our London office and set up a consultation appointment. In a simple two-hour session we’ll be able to go through the options available with you and help you reach the right decision for your business.

Key Facts of Insolvency

Debts are completely written off

If a company is voluntarily liquidated once a company has been dissolved and the remaining funds allocated to creditors, any remaining debts are then written off for the company.

Legal action in the company ceases or can’t be bought

All outstanding legal action brought against a company that’s being liquidated is ceased and no new actions can be instigated.

Staff, and in many cases, the company’s directors can claim redundancy pay for a company that is insolvent.

Making staff redundant is never an easy task but one benefit of liquidation is that your former employees, including directors paid through PAYE, are legally allowed to claim redundancy pay, holiday pay and wage arrears through the Redundancy Payments Office.

This is just to name a few facts on insolvency, if you need any further support then please get in touch with our dedicated team.

Some of the options available to you include:

  • Business turnaround  – our recovery experts have the ability to examine your finances and suggest a number of routes back to profitability.
  • Restructuring and raising new debt – giving you access to specific financial solutions that allow you to negotiate with your creditors and consolidate all your debt into manageable monthly repayments.
  • Company liquidations – voluntarily choose to shut down your company and liquidate all the assets to pay off your creditors or extract cash tax efficiently.
  • Restarting – in certain situations it is even possible for you to buy your business and assets back, allowing you to trade on as a new entity.

Why act now?

Time is of the essence and your range of choices is likely to become limited if you leave it too late.By acting now you will access the full spectrum of business rescue and insolvency solutions. Meet with us at our London office for advice about your insolvency needs.

Call us now to set up your appointment on 0800 331 7417

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