Very few directors would want to admit their business is suffering from financial distress. Especially when the company’s effectiveness has been compromised by external events, such as customer bankruptcies or market disruption, whilst the operation remains of a consistently high professional standard.
In such situations, there are measures that the proactive director can take to steer the business in the right direction. With a pre-pack administration, it is possible to effectively cease trading and transfer your company assets over to a new legal entity, ensuring a smooth, continuous service for clients and customers.
Over our years of operation McTear Williams & Wood has supported several SMEs and large companies navigate the journey through a pre-pack administration, giving us not only the insolvency skills, but also the vital business experience to assist you through a similarly difficult trajectory.
Is a new start the right next step for your company? Find out all the facts with a meeting to go over a potential pre-pack administration at our Peterborough offices. Talk to one of our senior partners and get the facts needed to make the right decision for the future.
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 Peterborough 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