Get the facts on your debt and cashflow problems – from HMRC to trade creditor pressure – in an expert call with our licensed insolvency practitioners
If your business is suffering debt and cashflow problems, you can go through a company administration. This is a formal insolvency procedure where McTear Williams & Wood can act as the administrators of your company to help restore your profitability.
McTear Williams & Wood can help you understand the options available to you based on your current situation. We’ll review all the guarantees you’ve made for your company debt and work with you to minimise your personal liabilities.
Find out all the options available for your company’s future – talk to our expert advisors today.
The Benefits of Administration
Get immediate relief from your creditors – giving you time to help your business return to profitability.
Your company can still go through other procedures – including a debt restructuring CVA or a voluntary liquidation.
Continue trading with your clients and market – whilst your options are fully assessed for the future.
Restructure – by concentrating on the business activities and functions that are still profitable.
Can protect the continuity of your business – by selling your business as a going concern in a process where you can bid and buy the business back free of debt
It's never too early to talk
Don't be nervous talking to an insolvency practitioner, if you're worried you might be losing control contact us early, there's more scope when people call us early as we're able to offer turnaround possibilities.
McTear Williams & Wood has 18 years’ experience working as a leading business rescue and insolvency expert in the South East. Contact one of our professional experts today.
"You should be extremely proud of the business you have created and the position you have established, you have a great team of people working alongside you which is so important and it goes without saying that your organisation epitomises true professionalism throughout."
Testimonial from a Turnaround Business Angel
"I am aware of the sterling work carried out by this committee and of your role on it. I would like to take this opportunity to thank you for your valued contribution over the last two or so years. Your endeavours have made a significant contribution to the success of the committee in setting up and reviewing the Straightforward Consumer IVA Protocol and I and my Policy colleagues are grateful for the considerable time you have spent in this role."
Testimonial from IVA Standing Committee Member
"After meeting with Andrew McTear we both felt we had met someone who we could put our trust in and who would leave no stones unturned to help us rescue our business. We had been given two insolvency practitioner names and the other firm just wanted to put the company into administration. As things turned out that would have left any purchaser of the business and assets with significant employee liabilities which would have killed the deal and all the jobs would have been lost."
Testimonial from Finance Director of a Joinery company
"...anything I get that is relevant will come across to McTear Williams & Wood as I know you do a proper job"
Testimonial from Partner in Accountancy Firm
"Having traded successfully for over 20 years until recently it was devastating when we realised that our company would have to go into administration. But as we began to work with the team at McTear Williams & Wood believe it or not we wished we had been introduced to them at least six months sooner. That would have avoided months of heartache and the business would have been in a stronger position. As it was McTear Williams & Wood guided us through a pre-pack which saved the profitable stores and the restructured business is now growing again."
Testimonial from Managing Director of National Retailer
"It was a tough decision to make but it had to be faced, I made the call and McTear Williams & Wood were very, very helpful the whole time. They helped us to explore all the possibilities to find any way forward and they helped us identify that liquidation was the best option for the business. Certainly McTear Williams & Wood made the process quite straight forward for us there was lots of help and lots of contact with them throughout the whole process.”
Testimonial from Retail Managing Director
"Thank you both so much for making yesterday easier than I thought it would be with your kindness. It really does make a difference."
Testimonial from Hairdressing Business Director
"I am always impressed with the speed with which McTear Williams & Wood respond to a crisis (and with insolvency matters, it usually is a crisis). Our clients have received invaluable, practical, down-to-earth advice which has helped to steer them towards the right solutions to their problems. I am confident to recommend McTear Williams & Wood to our clients in any insolvency situation."
Insolvency Advice for Accountancy Firm Partner
"We have worked with McTear Williams & Wood in a number of turnaround situations. We rank their integrity and professionalism highly and really value their active desire to make businesses succeed wherever possible. Their attitude in working with other professional advisors to achieve this end is highly commendable."
Testimonial from Corporate Finance Accountant
'McTear Williams & Wood were called in to help our company when it went into Administration. They took early decisive action to reduce costs, maintain the loyalty of customers and key staff and find a viable way forward for our company. They conducted themselves at all times with the utmost professionalism, integrity and objectivity. I found them approachable, well-connected, responsive and always value-adding. McTear Williams & Wood have been instrumental in turning around the company's fortunes.'
