Personal Guarantees
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: 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: 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