Case Studies
Since 2000 McTear Williams & Wood has helped numerous businesses facing insolvency back to profitability. Examples of some of the cases we have worked on appear below.
Facts: Referred by: Lawyer Industry sector: Survey and project management Annual turnover: £3 million: subsidiary of a large group Employees: 29 Bank overdraft: Nil, but debenture in support of group
Facts: Directors of a failed printing business Personally guaranteed the bank, some finance companies and the landlord for £180,000 Also had run up personal credit cards of £60,000 to keep
Facts: Industry sector: Wine production and bottling Annual turnover: £17 million Employees: 80 Bank: £760,000 mortgage and £780,000 CID facility HMRC: £3 million duty payment arrears Background The extent of
Facts: Precision engineer specialising in chemical processing Turnover £1.8million Large bad debt of £150,000 Bank overdraft and factoring £325,000 subject to director personal guarantees Full order book Referred from a
Facts: Oil and gas industry contractor Hit by a collapse in the order book Operating on 3 continents Lacked up-to-date management information and forecasts Was running blind Background In better
Facts: Referred by: Internet enquiry Industry sector: Manufacture of metal balustrades and staircases Annual turnover: £1 million Employees: 16 Bank mortgage and overdraft: £306,000 secured by a debenture and personal
Facts: Industry sector: Manufacture of wooden kitchen products Turnover: £793,000 Employees: 15 Bank: Nil Funding by: External investor and landlord Background The business was established over 100 years ago but
Facts: Referred by: Accountant Industry sector: Leisure and farming Successful family business Parents retiring and handing over to two siblings Siblings want to work separately Background Family had run a
Facts: Referred by: Accountant Industry sector: Manufacturing Employees: 330 Invoice discounters owed £2.8 million Background This Norfolk-based manufacturer had traded for 27 years. Since scaling up the operation with a
Facts: Electrical wholesaler Loss-making with poor future trading prospects Bank overdraft £250,000 secured by a debenture Assets estimated to realise £75,000 in a liquidation Two directors with unlimited personal guarantees
Facts: Asset-based lender Turnover £1m £1.2 million cash at bank £0.3 million outstanding on finance agreements due over three years Background The company was the in-house finance arm of a
Facts: A wealthy American family (“the Claimants”) had invested significant funds in a yacht charter business being run by an England yacht captain entrepreneur (“the Defendant”). The yachts were to