Is a legal process which while in force protects the company while a solution is found.
It is not just used for large firms like Woolworths and Comet but is a useful process for SMEs who are struggling with cash flow.
The process is initiated in a number of ways and is used to trade out of a difficult period or while a buyer is found for the company or business. Hawkins and Company will sit down with the directors to work out if this is the correct solution for the company and will work with all stakeholders to ensure all their interests are protected.
The process is relatively straightforward and will protect your company from pressing creditors, including HMRC. If you are feeling pressure from your creditors and wish to speak to us about this process call or email us on info@hawkinsinsolvency.co.uk