The experience of receiving a winding up order is not pleasant. In fact many directors report that it can initially feel like the end of a long road in business. When you have dealt with multiple cashflow issues, constant demands from HMRC and struggles with finance providers then it may seem like a foregone conclusion.
With the courts instructing The Official Receiver to sell off your assets and strike the company off at Companies House you would be forgiven for considering this the right time to end your tenure as a company director and start looking for regular employment.
However before you draw any conclusions at this time are you positive you have explored all the potential avenues back to profitability that are available to you? With tools including creditor negotiation, Time to Pay agreements and business restructuring you may find that there are more options to resolve your issues than your realise. Book an appointment with our team of experts and we’ll give you the full picture.
Free initial appointment - McTear Williams & Wood are always happy to provide you with a review of your situation before you officially engage our services.
You’ll always deal with a senior practitioner - all our cases are handled by a director, giving you the most comprehensive advice possible for your situation.
Expert advice and service - as a specialist insolvency focused business there are no situations that we have not seen before allowing us to bring a depth of experience to your particular instance.
Understanding your personal situation - having been business owners ourselves we have the insight and empathy into the stresses and strains a winding up order can cause.
Help you buy back your company - many directors choose to purchase their business and assets back. We can help you achieve a positive outcome from such as process.
Arrange your free, confidential consultation and discuss your winding up order at our Southampton offices. Access all of our experience and the wealth of our knowledge to help you find the best route for your business in this adverse situation.