Many directors feel isolated when their business stutters or stumbles. Over the lifespan of any enterprise there will always be challenges and with high overheads, it can often be a couple of months before trouble becomes apparent and then when pressure comes from creditors, suppliers and HMRC all at once, cashflow can dwindle. At such times many directors consider a company liquidation.
However, before you think of shutting down your company, are you sure you have explored all the potential options? By acting quickly you can access the maximum range of solutions available and plan for the future of your enterprise, shareholders and staff.
Some of the potential routes back to profitability include time to pay agreements to satisfy the demands of HMRC. A CVA allows you to negotiate with your creditors and establish an acceptable payment time and you can even shut down the uneconomical parts of your business and relaunch as a new entity with a pre-pack administration.
Why Use Our Service?
Confidential advice on your terms – at McTear Williams & Wood you will receive a professional service with the capacity to work around you – including out of hours calls and appointments.
Working on your behalf – if you decide to use a CVL to extract your money from your company then we can talk to your creditors and ensure that your business is closed down properly.
All legal obligations are discharged – when your company is shut down there are a number of legal requirements that must be met so that you are not personally liable. We are able to make sure that all the correct procedures are followed.
The best place to start is with a free consultation from McTear Williams & Wood. Meet with one of our senior experts who’ll be able to give you detailed feedback on your current situation including personal liabilities and the best way to return to profitability.
Having helped many businesses discuss a potential company liquidation in Bedford we are ideally placed to help. Simply book an appointment today and ascertain all the facts you need.
How else can we help? Other services we offer in your area: