Restructuring and Insolvency
Businesses facing financial and operational challenges need clear and timely advice to quickly establish a way forward. Our experienced team helps deliver pragmatic advice to individuals, partnerships and companies from across a range of industry sectors. We identify the key issues, discuss the available options and develop solutions to stabilise your position and provide practical, proactive advice to secure the best possible resolution.
Our clients tell us that the ability to act swiftly in difficult circumstances is of paramount importance. Our multi-disciplinary team is able to respond quickly and help devise plans for reconstructing businesses and maintaining business value.
When giving advice on the restructuring process, particularly at an early stage, we can put companies on the road to recovery and avoid formal insolvency proceedings. However, we also assist those encountering any contentious and non-contentious issues where insolvency arises. In insolvency proceedings, we represent creditors, members, and Insolvency Practitioners in multiple sectors.
Our restructuring and insolvency team comprises specialist corporate restructuring and insolvency expert who can offer comprehensive and expert advice in a constantly developing legal market. Our team advises directors, lenders and creditors on a full range of contentious and non-contentious matters encountered when a business experiences distress.
Restructuring
There are many reasons you may want to restructure your business, including evolving to address new challenges, streamlining your operation or preparing for a sale.
When you restructure your business, you will need to make sure that the supporting documents are clear and robust. It is important to ensure that your restructure is in the best interests of your company, its shareholders, creditors and stakeholders and that you have received comprehensive advice about the implications of the proposed changes.
The team will identify the resultant opportunities in restructuring your business and help you achieve the best possible outcome. We will make sure that you have the sound legal framework you need for your company and that the restructuring process is as seamless and efficient as possible.
Splitting a business can be a logical solution as an organisation grows and different aspects function better separately. Our team have extensive experience in dealing with demergers and will be able to establish a new structure for the different entities that you wish to form.
Insolvency
We advise boards of directors on their duties and responsibilities when their business is in danger of insolvency. As well as assisting in any business turnaround plans, we will Also ensure that the board members act responsibly and reasonably and mitigate personal risk should the business fail.
In insolvency proceedings, we represent creditors, members, and Insolvency Practitioners in multiple sectors. When giving advice on the restructuring process, particularly at an early stage, we can put companies on the road to recovery and avoid formal insolvency proceedings. Supplementing this, we enjoy strong relationships with Insolvency Practitioners, accountants, forensic accountants and investigators.
To deliver the best outcome, we ensure that our clients fully understand all the available options. Based on a comprehensive understanding of what each business needs, our advice is clear and practical. In making recommendations, we take time to evaluate your priorities in order to secure the right outcome.
Our team also has an established track record in resolving partnership disputes and in advising individuals who potentially have personal insolvency issues. Our substantial experience in dealing with HMRC includes early negotiation to reach a compromise and avoid higher penalties. We also advise on other regulatory matters, such as directors disqualification proceedings.
We regularly act for creditors and insolvency officeholders in pursuing claims and acting on the sale of business and assets. We also will guide potential purchasers on the acquisition of business and/or assets from insolvency officeholders.
