When your business is undergoing difficulties it can be tempting to close things down by striking off your company or using a creditors' voluntary liquidation. Pressure from creditors, HMRC, bad debts and struggles with cashflow all take their toll on your life both personally and professionally. However, before you end your relationship with your company, wouldn’t it be best to make sure that you have checked all the choices available to you? Many directors don’t realise that they do still have a number of routes back to growth and success.
Agreements can be reached with creditors and HMRC, turnaround managers could set to work in your business and there may even be additional finance available. All of this could help you find the vital breathing space your company really needs. A simple 1-2 hour consultation session with our experts will not only help you understand the implications of your current situation, but we’ll also give you a number of routes that your business could take to continue trading.
Over our lifetime we have helped numerous businesses with insolvency cases in East Anglia, ideally placing us to help you find the right 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 one of our offices in East Anglia to find out your full range of options. Arrange an appointment today – 0800 331 7417