Business rescue: The light at the end of the tunnel

Over 80% of clients referred to us avoid a formal insolvency process and a business or company rescue could help you join their numbers.  Are you struggling to pay your creditors?  Is cashflow rather than profit dictating your business decisions?

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Business rescue

If your business is experiencing financial distress you are not alone.  Fluctuations in the economy and unexpected events can disturb even the most carefully constructed business plans.We have a team of experts to assist you through this challenging period and proven company rescue procedures that have helped hundreds of companies avoid insolvency.The sooner you contact us with your business difficulties the more options you’ll have to get your company back on track.  We can:
  • Assess your current situation with a company review – in the first instance we will effectively work with you to fully review your business’s current situation and pin point and understand the challenges and possible solutions. You will not be charged for this key stage in the rescue process.
  • Establish an adequate and realistic action plan – if you engage our services our experts can produce an action plan for business rescue. If you already have such a plan we can provide you with an objective assessment of its viability, giving you the confidence that all the bases are covered.
  • Gain short term liquidity – whatever the reason with unrivalled experience and knowledge of how to negotiate with creditors our experts will work alongside you to improve the cashflow your company requires.

Assisting you to stabilise a business in crisis

Our experts are able to help you maintain business’s critical cashflow functions – by sitting alongside you in negotiations with suppliers, HMRC and banks and even providing interim management solutions and turnaround funding opportunities.

Tony Harrison

Director

Tony helps underperforming businesses using a professional and understanding approach and will listen to concerns on a without charge or commitment (on a confidential) basis and then advises on the available solutions.  

With over 19 years of experience at McTear Williams & Wood Tony understands the challenges facing directors and managements of struggling companies and can provide assistance with first hand experience.  His strengths lie in an ability to rapidly understand situations and react to turn them to an advantage.

Tony advocates an early confidential meeting as experience tells us that recovery options are often eroded over time.

Directors’ Personal Guarantees

Expert advice on personal guarantees

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How to avoid insolvency – our Directors’ Guide

Three out of four clients we advise avoid a formal insolvency process altogether. Our Directors’ Guide can help navigate around insolvency issues and avoid potential pitfalls.

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Struggling with PAYE?

Is your business struggling with your PAYE bill? We ease the pressure of repayments – talk to an expert advisor for the best course of action.

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Struggling with VAT?

Is your business struggling with VAT? We ease the pressure of repayments – talk to an expert advisor for the best course of action.

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What’s next for your business?

Get the facts on your debt and cashflow problems – from HMRC to trade creditor pressure – in an expert call with our licensed insolvency practitioners.

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Turnaround management

At McTear Williams & Wood we always consider the business rescue options first. It is tough running a business under financial pressure and this can carry through to your family and eventually affect your health too.

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Book a free initial business review

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Business resources you can count on

Directors' guide

Business rescue & insolvency specialists
What you need to know
A brief guide to insolvency
View more
Take a look at all our business resources and guides here
"Unfortunately, Gordon Dean Solicitors LLP got into debt in the 2020 pandemic, mostly with HMRC but recovered strongly making good profits but this was not enough to recover fully and having sought and failed to achieve further refinancing I visited insolvency practitioners McTear Williams & Wood who were very professional and arranged a liquidation on 1 April 2022. Gordon Dean Solicitors Ltd bought the assets of the firm and started trading from new offices. HMRC will get paid by the liquidators over the next few years."
Gordon DeanSenior Partner of Gordon Dean Solicitors Ltd
"Bethan and Tony acted not only with kindness and humanity, but professionalism! Also thanks to Chloe and Jamie for helping my staff so efficiently. We are not out of the woods, but grateful that you gave us another chance to start again by buying the business and assets back from the liquidator."
Architectural company
"We approached MWW at a very difficult stage - needing to complete an administration process quickly. It was an incredibly stressful time for us in general and Jo, Tony, Bethan and the team at MWW were a real pleasure to work with. They quickly jumped in to support us, gave us really clear and concise advice and helped mobilise the process really quickly to deliver a positive outcome via a pre-pack administration. We couldn't be more grateful for the support we received and I would have no hesitation in recommending MWW."
Company Director
"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."
Corporate Finance Accountant
"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 forAccountancy Firm Partner
"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."
Barry GodfreyManaging Director, Godfrey DIY Supermarkets
"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."
Managing Director, National Retailer
"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."
Finance Director, Joinery Company
"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."
IVA Standing Committee Member
"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."
CEO, Manufacturing Business
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