Winding up petition in Ipswich

Are creditors trying to close down your business?
Act now and you may still have more options for recovery than you realise

Find out all the facts - call now on 0800 331 7417 to find out more

If you have been served with a winding up petition this may be one of the most challenging and troubling times as a director. No matter what has caused this situation, from problems with cashflow through to changes in the market it can be extremely unsettling. It is not uncommon at such times to feel the personal burden of failure. You could even be struggling to explain the circumstances to your family and employees as you feel there is a sense of letting the side down.

However help could be at hand. McTear Williams & Wood has helped many companies in a similar situation to yours return from the brink and achieve profitability. In one short 1-2 hour meeting to discuss your winding up petition at our Ipswich office, we can not only help you understand the full implications of your current situation, but also the options you have for recovery.

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 in Ipswich.  Call now on 0800 331 7417