Business angels

Turnaround business angels are experienced investors who have strong managerial or professional backgrounds, often having been involved in troubleshooting or turnaround situations.
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How can business angels help?

They have an appetite to invest in financially distressed situations and their experience of managing change, clarifying objectives and of setting and realising goals is of immeasurable value.

Our turnaround business angel network (t-ban) matches pro-active investors with businesses facing financial difficulties setting them off on a fresh track. Investors usually participate in the management of the company to restructure the business introducing new working capital, new management and re-engineering business practices.

Situations where t-ban has already been successful vary widely assisting companies with turnovers between £500,000 and £20 million and making investments ranging up to £500,000.

If you are a business manager or professional with time and/or money to invest in companies in difficulty which need financial backing and strategic guidance consider joining t-ban by contacting us or download our turnaround finance brochure.

The best course of action

We understand the pressures and can help you identify the best course of action. We are experienced and can offer innovative solutions to your problems, we never judge but we do offer impartial, independent and completely confidential advice.

Other personal insolvency solutions can include informal arrangements, debt management plans or individual voluntary arrangements (‘IVAs’).

Phil Bailey

Associate

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.

"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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