No one wants to suffer business distress. With the pressures of creditors bearing down on your and 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 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 liuqidation 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 to you and help you reach the right decision for your business.
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.
All outstanding legal action brought against a company that’s being liquidated is ceased and no new actions can be instigated.
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.
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.