Even though it can seem like there is no way back from cashflow issues there’s no reason to stop fighting and opt for a company liquidation. Have you truly looked at all the options available to you through UK insolvency law that could help you deal with the pressures of creditors, suppliers, your payroll or HMRC?
Getting your business back on track is possible and the first move you need to make is gathering all the relevant information so you can make the best choice possible for your finances and the future of your business.
You can work with HMRC and establish a time to pay agreement, negotiate with your creditors and establish a CVA or even restructure your company altogether with a pre-pack administration allowing you to shed debt and save jobs.
This is where McTear Williams & Wood could help you find your way back to shore. Our service starts with a free consultation giving you the very best advice on how to return to profitability or even close down your company and avoid personal liability.
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.