Pressure mounts upon directors when adverse financial information hits the public domain, like when their Winding up Petition is advertised. Directors may find then that their telephones will ring ten times more than the PPI firms could manage.
So it is understandable that the few recommendations to set up a Company Voluntary Agreement would be lost in the calls from insolvency practices and possibly even their own accountants to liquidate.
Directors should slow things down and take careful advice and follow it up with a little research on the Internet. It has probably taken years to build up the company and it would be a shame to close a limited company just because a Company Voluntary Arrangement has not been fully explored.
TaxGone provides assistance at zero cost to directors and shareholders of small to medium businesses throughout the UK in the preparation of Company Voluntary Arrangements, find out today if this is the best option for your business. Call TaxGone on: 01302 815846.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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