Winding Up Petition in Colchester

This could be one of the most challenging times you are likely to face as a director but there may be more options available than you realise

Get all of the facts about your current situation

Call now on 0800 331 7417 to find out more

There is no doubt that receiving a winding up petition is one of the most distressful times in a company director’s career. With so much energy, effort and commitment placed in running a business it can be feel like a personal failure. You could even be struggling to understand all the implications of this situation. What does it mean for your own assets, those of the business and the future of your employee?

Let McTear Williams & Wood help you out. Our team of expert advisors has assisted a number of businesses like yours find their way back from this seemingly untenable position back to profitability and growth. All you need to do is book a simple 1-2 hour consultation session to discuss your winding up petition at our Colchester office and we’ll be able to help you understand the all the choices available to you.

What happens next?

Following on from our initial assessment and financial health check our expert advisors can implement the following services to assist you:

  • Work with the main creditor - by communicating with the petitioning creditor, either directly or by feeding you the lines we can start to move the matter towards an effective resolution.
  • Find you more time - our team can adjourn your Court hearing, giving you valuable space to carry out the vital negotiations, free from the negative impact of a court judgement.
  • Demonstrate that your business is still viable - if we think there is enough cause, we can create a case for the court showing that there is a definite pathway for you to return to profitability.
  • Secure a validation order - if you wish to continue trading, let McTear Williams & Wood help you obtain a validation order from the Court.

Why act now?

The biggest mistake any director can make is leaving the situation until it is too late. There are often options available to most distressed businesses, but you need to act early to access the full range of assistance. Find out what options are available to you today. Make an appointment to discuss an application for a winding up order with our expert advisors based near Colchester.  Call now on 0800 331 7417