Business turnaround

Our team have many years of experience helping to turnaround struggling businesses. With the right intervention early enough in the strategy, it is possible to stage a company rescue and bring your business back to full financial health. 

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Business turnaround and company rescue

Is your business making a loss, running out of cash and simply operating to meet creditor demands rather than maximising profit?

If you are struggling to balance your cash flow and other key financial priorities then why not consider working with expert advisors to help turnaround your business.  Simply continuing with more of the same that caused your problems in the first place is only likely to compound your difficulties or even end in complete insolvency.

Although it may seem like your issues are insurmountable, McTear Williams & Wood’s specialists have considerable experience in business turnaround and company rescue, providing an expert service, with solutions to get you back on track for success.

How can we help?

At McTear Williams and Wood our team of accountants, insolvency practitioners and business consultants provide you with the following process to deliver a fast and effective business turnaround and company rescue service:

  • Establish if your business is viable – using accounting techniques to quickly assess and understand the true picture of your business’s situation.
  • Assess your full funding requirements – how much capital does your business need to return to profitability, commencing an effective turnaround?
  • Implement immediate changes – working with your business to manage your assets and potentially free up the capital required for funding.
  • Effectively manage your creditors – buying time that eases pressure from your financial obligations, giving you the space to turnaround your business.
  • Introduce additional finance – with a solid and realistic plan in place for your business turnaround we can usually negotiate additional credit on your behalf.

Hayley Watson

Director

Norwich office contact details:

Cambridge office contact details:

Hayley started her career working at McTear Williams & Wood Limited in 2005 and is a Licensed Insolvency Practitioner advising companies and individuals experiencing financial difficulties.  She qualified as a Licensed Insolvency Practitioner in 2019 and became a Director in 2024.

Hayley acts as an Insolvency Practitioner in all forms of corporate insolvency including creditors’ voluntary liquidation, compulsory liquidations, solvent members’ liquidations and company voluntary arrangements as well as advising individuals and acts as an insolvency practitioner in individual voluntary arrangements and bankruptcies.  She works with a variety of stakeholders to establish and implement the best strategy for individuals and companies experiencing financial difficulties.

Hayley is a member and current Chair of the R3 Eastern Region.  She has over 19 years’ experience in insolvency and gained Certificate of Proficiency in Insolvency in 2010.

Do you already have a plan?

The chances are that you have already identified problems within your business and have developed a plan for turnaround. Use our services to confirm your ideas giving you the confidence to proceed. The sooner you act – the more turnaround options are available to you.

Call McTear Williams & Wood today on 0800 331 7417

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