If your business is under pressure from creditors including HMRC for outstanding invoices or unpaid VAT, PAYE or corporation tax bills it can be hard to know what to do next. Understandably no one wants to broadcast problems and potential failures, but what options do you have that could help you achieve a serious recovery?
One possible insolvency measure to revive your company is a pre-pack administration. It allows you to liquidate your existing company whilst selling off all the business to satisfy the demands of your creditors. You are permitted to purchase key assets as a third party individual and relaunch the business as a new entity. Many businesses have gone through this process leading to the preservation of customer relationships, revenue streams and saving jobs vital to your local economy.
McTear Williams & Wood has a history of helping several companies successfully complete pre-pack administrations and have a complete understanding of how to navigate the process with as few difficulties and delays as possible.
Want to find out if this move is right for your business? Get in contact with one of our senior advisors to discuss a potential pre-pack administration at our offices near Southampton and get a clear picture of all the options available to you. Call us on 0800 331 7417
Other services we offer in your area:
Administration Order in Southampton
Business Health Check in Southampton
Company Administration in Southampton
Company Bankruptcy in Southampton
Company Insolvency Check in Southampton
Company Liquidation in Southampton
Company Voluntary Arrangement Southampton
Creditors' Voluntary Liquidation Southampton
CVA in Southampton
Insolvency in Southampton
Insolvency Practitioners in Southampton
Liquidation in Southampton
Members' Voluntary Liquidation Southampton
Solvent Liquidation in Southampton
Winding Up Order in Southampton
Winding Up Petition in Southampton