After months of poor performance and adverse trading conditions a winding up petition can often seem like an indicator that a company’s lifespan is coming to an end. Although many directors have seen their business flourish in times of hardship, few truly understand not only the full implications of such a situation, but also the choices that still remain available to them.
By furnishing yourself with all the information about your current financial situation and business turnaround instruments, you can decide what’s best for your company and its workforce’s finances and future. Even if you believe your position is insurmountable you may be surprised to find out there are options available.
By acting quickly you retain full access to the spectrum of insolvency solutions available to you. The only mistake would be to ignore the situation and not ask for help. Talk to McTear Williams & Wood and we can advise on company voluntary arrangements, pre-pack administrations and even liquidating your own company without being overseen by the courts.
Access a lifetime’s worth of expert advice and legal knowledge through the high levels of service you’ll find at McTear Williams and Wood.
Get in touch with one of our experts to discuss a potential company voluntary arrangement or winding up petition at our offices near Bedford and find out the difference we could make to your business today. Call us on 0800 331 7417
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