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: 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
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
Facts: Referred by: Directors Industry sector: Grain and cereal miller Annual turnover: £4 million No of employees: 10 Bank mortgage: £80,000 Pension: Final salary scheme in deficit Background The directors
Facts: Industry sector: Payroll provider Annual turnover for Group: >£100m Employees: 18 HMRC: £4m PAYE/NIC & VAT arrears on directors’ statement of affairs Background The company was part of a
Facts: Specialist building contractor Sister company had gone into liquidation The customers and trade of the company in liquidation had transferred with the directors to the sister company The sister
Facts: Building and projects company Expended £200,000 in R&D Suffered a large bad debt Main dealer vehicle finance outstanding with PGs Background A specialist building and projects company had traded
Facts: Referred by: Regional solicitor firm Industry sector: Construction Number of creditors: 181 owed £1.7m Assets disclosed: Cash at bank £235,000 Background At the height of the Covid pandemic a