What is a winding up order?
A winding up order is an instruction from the Court to close down a company and liquidate all of its assets. It follows a winding-up petition that’s been made by a creditor, which typically follows a series of unsuccessful attempts to recover their money.
The Official Receiver will have been appointed as Liquidator and you are probably extremely disappointed and worried about your next steps. In this situation your options have run out as the appointed Official Receiver will act to liquidate all of your company assets and that does mean the end of a limited company, the sale of any assets that your business may have and its eventual dissolution at Companies House.
However, you do still have a number of options. Our expert advisors will work quickly with you to help preserve what is left of your business and support you in dealing with the subsequent demands that usually arise out of this process.
How can we help?
Our company has helped dozens of businesses like yours achieve positive outcomes from winding up orders. Our service includes a free initial consultation and – in the first instance we will always provide you with an examination of your situation and options before charging you for the engagement of our services.
A lifetime of experience
You will always deal with a senior member of our team – your case will be assigned to a director giving you immediate access to a lifetime of experience. You will also receive insolvency focussed advice – at McTear Williams & Wood our business is built around insolvency and you will not find a firm more specialist than us.
Director
Norwich office contact details:
- 01603 877851
- 07944 433026
- hayleywatson@mw-w.com
- Prospect House, Rouen Road, Norwich, NR1 1RE
Cambridge office contact details:
- 01223 903020
- Nine Hills Road, Cambridge, CB2 1GE
Understand your financial options
Check the health of your business with our free business health check tool.
Get an indication as to whether your company has what it needs to survive.
Includes:
-Company health assessment
-Types of liquidation available
-Options & next steps
*All information provided is completely confidential and will not be shared with a third party
Free advice line for distressed company directors > 08003317417
Experiencing business turmoil is often personally troubling. We understand this and will explain the real implications facing you including responsibilities to staff and suppliers. We can also advise on how you may be able to buy back your business and assets. Many directors find themselves in this position because they have ignored the warning signs or received poor advice. By acting quickly you will not only have more choices but will also be able to preserve more of your company value.
How can we help - Book a free 1-2-1
If your company is struggling with unmanageable debts, decreased cashflow or concerns about about your company’s future, we can assess your situation and provide you with tailored solutions and options.
During your free initial advice meeting, we will discover a true picture of your company’s financial situation
and offer practical and expert guidance on your next steps.
Initial meetings can be held at our office or your premises and are completely confidential.
There is no charge for this meeting – charges only apply if and when terms of engagement have been agreed.
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