Winding up petition in London

Having creditors try to close down your business is a difficult situation for any director.  Act now and you may still have options for recovery

McTear Williams & Wood has the expert knowledge you need

Call now on 0800 331 7417 to find out more

If you have been made the subject of a winding up petition it could be a particularly difficult and challenging time in your professional life. With pressure from HMRC, supplier and cashflow issues potentially also impacting your ability to manage and run the business you may not know which way to turn. It could even be the case that you feel a degree of personal failure. Are you wondering about personal liabilities or your responsibilities to your staff and stakeholders?

Why not ask McTear Williams & Wood for assistance? Our team of experts has helped businesses like yours recover from such adverse circumstances and find their way back to full profitability. You next move is to arrange an appointment to discuss your winding up petition at our London offices. We will give you a full breakdown of your current situation and come up with an overview of a potential plan for business turnaround.

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 London.  Call now on 0800 331 7417

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