HMRC is the largest creditor in around 60% of court company closures* with over 250,000 businesses managing their debt through payment plans such problems are far from uncommon – but whatever position you are in, we can help you assess your options and work out the best way forward for your business.
From our experience we know that there’s a very good chance that we can help you work to resolve your VAT debt and save your business, if you act early and get the professional support you need. From simple payment plans to full on business restructuring and pre-packs – we have a range of insolvency solutions that will allow you to continue life as a company director.
Negotiate a time to pay agreement with HMRC – arrange a schedule of payments that allow you to clear your VAT, PAYE and corporation tax debt.
Enter into a company voluntary arrangement – restructure all your business debt and negotiate one single monthly payment with your creditors, including HMRC.
Implement a company administration – to take control of your debt and giving you time to resolve business difficulties.
Raise funds with the help of business recovery – with MWW expert turnaround help you could get your business in shape for additional finance.
Close down your company – through a creditors’ voluntary liquidation – you could have the option to start again.
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.'