The key to avoiding insolvency is to seek professional help as soon as the first signs of difficulty appear. The experienced professionals at BWR Accountants & Advisers are able to assist in identifying problem areas, and suggest solutions to improve the position of the company. Timely and expert advice may be able to save your business from liquidation or receivership.
Receivership entails someone being appointed to raise funds within the company to repay a financer. In the case so many of the company assets are sold it is unable to continue daily business a liquidation is necessary. A liquidator disposes of all the assets of the company and repays creditors. Upon liquidation the company ceases to exist
In the event that liquidation or receivership is necessary, BWR Accountants & Advisers also has the experience and skills required to assist.
If your business is struggling under financial and operational difficulties, proactive and insightful action is vital for avoidance or minimisation of the ramifications.
Contact us today for an appointment and expert advice to aid your situation.
Forbes
36 Templar Street
PO BOX 837, Forbes NSW 2871
t (02) 6852 1855, f (02) 6852 4198 info@bwraccountants.com.au
Parkes
136 Clarinda Street
PO BOX 94, Parkes NSW 2870
t (02) 6862 1444, f (02) 6862 4825 info@bwraccountants.com.au