If money is tight and your financial capacity is almost stretched to breaking point, you could easily be forgiven for wanting to cease trading and implement a CVL. When all your time in the business is focused on servicing existing debt and the stresses and strains have made their way into your personal life, it’s hard to not adopt a negative attitude.
Even though this may seem like the end of the road, there still could be a route back to profitability. Implement a pre-pack administration to shed your company’s debt, buy back your assets and relaunch at a new entity, whilst maintaining your important business relationships.
Get support throughout the process from industry experts McTear Williams & Wood. Access 25 years of management accounting and insolvency knowledge to successfully traverse the transition between closing an old company and starting a new venture.
Want to know more? Make a free consultation session to talk through your pre-pack administration at our Chelmsford offices your next step. Meet with one of senior partners and get a clear picture on all your options together with the best way forward for your business.
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 in Chelmsford 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 7417