Coronavirus update

As Covid-19 Coronavirus continues to impact our lives on a daily basis our priority at this time remains the safeguarding and health and safety of our staff, clients and contacts whilst ensuring we continue to provide you with the best possible client service.  With this in mind we implemented a firm wide contingency plan including:

  • Remote working - whilst our offices remain open our teams have been encouraged to work from home where possible.
  • Meetings - our people have been asked to avoid face-to-face meetings wherever possible but are fully available by phone, email, conference calls and online meeting facilities.
  • Events - we postponed all events, moving some online and will return to physical events as soon as it is safe to do so based on Government easing and the road map.

Coronavirus has presented a massive challenge to all of us but especially businesses that have fixed overheads and wage bills to pay.  Many businesses will have had to consider business rescue and insolvency issues that will be alien to them.  

Immediate decisions will have been made on whether to take up the Government schemes to support businesses.  Some of these were automatic so no decision was required and some schemes need to be applied for.  Of these some are grants and others are deferment/loans.  We have summarised the main schemes available to SMEs with links to the official Government guidance.

These welcome new measures were focused on easing cashflow pressure and assisting with fixed costs and will be a lifeline for many companies.  However, directors will have considered the implications of further borrowing and the deferment and loans will eventually have to be repaid.  For businesses that were already under pressure or their future viability in doubt before this crisis further borrowing may not have been the answer.

Here at McTear Williams & Wood we remain ready to help your clients navigate a way through this crisis.  If you have any concerns please do get in touch.

It is business as usual at McTear Williams & Wood.

How can we help you?

  • Problems paying tax - McTear Williams & Wood

Problems paying tax

Unable to meet the demands of HMRC? Struggling to pay off your current liabilities?
We can help you.

  • Creditor demands - McTear Williams & Wood

Creditor demands

If pressure from creditors is impacting your ability to operate, we can assist you from restructuring debt to your business.

  • Poor cash flow - McTear Williams & Wood

Poor cash flow

Need to get your business back on track? Let us discuss all your options to revive your financial situation.

  • Employee Care - McTear Williams & Wood

Employee Care

Directors want to protect their employees when insolvency looms, we do all that we can to assist with this.

Our Services

  • Business rescue - McTear Williams & Wood

Business Rescue

Professional support for your business, helping you overcome an adverse financial situation and return to profitability.

  • CVA - McTear Williams & Wood


Restructure your company debt into a single, affordable monthly payment that meets the demands of your creditors.

  • Administration - McTear Williams & Wood


Get the time you need to make important changes whilst keeping your company in a fully operational state.

  • Liquidation - McTear Williams & Wood


Help with closing down your company and paying off all remaining debt before striking it off the register at Companies House.

Get expert advice on the future of your business

If your business is struggling with cashflow and debt, it can be tough to know where to turn next.  Fortunately help is at hand with McTear Williams & Wood. 

Our professionals are backed with specialist knowledge, from company law to corporate accounting, giving you access to the skills you need. If you are struggling with company debts you are not alone.  At McTear Williams & Wood we always help our clients find the right course of action.

Regardless of your company sector, challenges or industry we will take the time to review your entire situation and work to produce a plan of action that maximises the available outcomes.

We have offices in ten different locations working with six licensed insolvency practitioners and we are always happy to provide you with a free initial consultation where we talk you through all the options available to you.

If you are a director of a struggling company, it’s easy to feel as if the world is against you. In our experience most directors have more options than they realise – it’s important however to act quickly and act now – as the longer you wait the fewer options are available.

Want to really understand
where your business is?

Our expert guide to resolving company debt issues

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