A winding up petition will spin your life upside down faster than you could ever believe. First the shock can take a little time to set in and by the time it does the second shock hits you, which is a frozen bank account – that really freezes the business!
The dizzy spin carries on when you can’t pay your essential suppliers due to the frozen bank account. The winding up petition is really biting now.
Your key customers start to ring for their promised products which can’t be completed due to lack of parts that your suppliers won’t ship because they haven’t been paid.
Very soon your customers will go elsewhere, probably without even knowing about the winding up petition. Your suppliers have become angrier and one of them has even attached to the winding up petition as he has had enough of the excuses. Your bank manager no longer takes your calls.
Tomorrow is the hearing for the winding up petition – what are you going to do?
Call TaxGone on 01302 815846 and we’ll talk to you with no spin and give you real help that will probably save your business.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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