Services for banks

We have a senior ex-banker in-house who knows what banks are looking for who can lead or sit beside your client in difficult negotiations.

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expert advice and support at hand

How we work with banks

Being a leading regional business rescue and insolvency firm we are not on any national bank panels so can provide genuine independent advice helping you help your customer through a difficult trading situation. 

Those services might include:

  • Working alongside you we can help companies to restructure.
  • As a second pair of eyes we can critique business plans.
  • We can help customers to re-bank.
  • When appropriate we can introduce other sources of funding.

For the benefit of the bank’s ongoing client relationship our initial focus is on helping a company to avoid insolvency.  If insolvency is inevitable we can maximise recoveries for the bank and their creditors.

Our investigation and forensic accounting capabilities can be deployed on the bank’s behalf.

Our aim is to be the catalyst to achieve progress in a difficult situation.

Above all we’re a safe pair of hands with specialist knowledge and an understanding of your priorities.  Called in early we can prevent a problem from becoming a crisis – contact us for more information.

Phil Bailey


Phil is an experienced turnaround and recovery director with over 28 years of experience and joined McTear Williams & Wood as an associate in 2020.

  • Over 28 years of banking experience working with corporate clients worldwide.
  • Five years as a turnaround director helping clients in the early stages of cashflow difficulties and avoiding defaults and insolvency processes.
  • Advising on access to alternative forms of funding and advice on managing banking relationships.

Phil has worked in Corporate Banking throughout East Anglia including King’s Lynn, Norwich, Cambridge and Peterborough.

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