Is debt weighing down your business? Are you unable to keep up the payments on your outstanding liabilities? Could your business thrive otherwise? If so then a company voluntary arrangement could be the solution to your situation. This formal insolvency procedure allows you to restructure your company’s debt into simple manageable payments.
McTear Williams & Wood has a high success rate of getting CVA proposals approved by creditors. With our extensive accounting knowledge we are able to provide accurate cashflow forecasts for your business – and a realistic repayment schedule. Allowing you the time to bring your enterprise back on track.
Stop the pressure on your company – a CVA can prevent a winding up petition and help with payments to HMRC for VAT, PAYE and corporation tax.
Remove redundant contracts – cancel lease contracts, rental agreements and even terminate employment contracts.
Debts are frozen and creditors receive a better return – a CVA should be a better all-round arrangement both for your business and your creditors than a liquidation.
Remain in full control of your company – you stay at the head of your enterprise with full authority over business decisions.
Not advertised – your CVA is not publically advertised, unlike an administration or liquidation and you are under no obligation to tell your customers.
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."
"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."
"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."
"...anything I get that is relevant will come across to McTear Williams & Wood as I know you do a proper job"
"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."
"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.”
"Thank you both so much for making yesterday easier than I thought it would be with your kindness. It really does make a difference."
"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."
"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."
'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.'