Even though you might be experiencing problems with your business, this doesn’t mean that a Creditors’ Voluntary Liquidation and shutting down your company is the only route available to you. There are other ways to handle and manage the pressures of creditors like HMRC and the banks.
It is tempting to relinquish control of your company and immediately limit your own personal liabilities, but are you aware of all the options that you have in your current situation? Time To Pay Agreements, additional finance, restructuring debt and even administration could buy you the vital breathing time you need to fight back to full strength with your business.
With a simple consultation from McTear Williams & Wood, we can fill you in on the real implications of your current situation and then give you a full breakdown of the choices available to you. All in a free 1-2 hour session with one of our expert advisors. Over the years we have helped a number of businesses with insolvency needs in Cambridge, giving us the insight and experience to help you arrive at the ideal outcome.
With all insolvency matters it is always advisable to contact an insolvency practitioner as early as possible in the process to ensure that the full spectrum of solutions is considered. As time passes it may be that some of the options for turnaround such as agreements with HMRC or debt restructuring are no longer viable so act now.
Call us to arrange your appointment at our office in Cambridge to find out your full range of options. Arrange an appointment today – 0800 331 7417