Hard times can befall any business. It only takes changes in the marketplace, a debt to turn bad or key personnel to leave before trouble is knocking at your door in the form of cashflow problems. Double down with pressures from HMRC for VAT and Corporation Tax and you could be wondering what’s next for your company.
Fortunately there is a measure that allows company directors to close down their previous company and purchase the assets as a third party interest. Using these assets the directors can subsequently launch a new enterprise free from the obligations of the previous incarnation.
Due to our years of insolvency experience McTear Williams & Wood is in an ideal position to help you through this procedure. Having supported a number of companies in various sectors through similar situations we can use our knowledge to help you achieve a positive outcome.
Find out more with a simple appointment to discuss a potential pre-pack administration at our offices near Bury St Edmunds. In a single simple consultation lasting around 1 to 2 hours we can go through all the options available to you.
There is only a limited time window for your business to implement a pre-pack administration. The sooner you act, the more options are available to you as alternatives and the greater the chance is that this chosen pathway will be successful.
Call McTear Williams & Wood today to find out if a pre-pack administration will fulfil your business needs. We will set up an appointment at our offices near Bury St Edmunds and in a short consultation period talk you through all the implications of this course of action. To set up your appointment please call us on 0800 331 7418