Restructuring and insolvency

A business can find itself facing the effects of insolvency for many different reasons – reasons which are often beyond its immediate control. Insolvency has to be handled responsibly, skilfully and pragmatically to minimise its impact and all options must be carefully and quickly evaluated. No wonder that at critical, stressful times like this, you need a professional shoulder to lean on.

We’ll explain exactly what insolvency means for you

Liquidation, administration, bankruptcy, receivership, voluntary arrangements. There are many terms relating to insolvency and their meaning and effect can have a major impact on daily life and business operations. Our specialist team are well versed in insolvency language and able to deliver the expertise you urgently need to deal with every challenge.

From single-site local businesses to cross-border enterprises with assets across Europe. Whatever your situation, our approach is to find and deliver a workable and commercial solution.

We are recognised for professionalism

We act for a large number of insolvency practitioners and lenders for whom the wrong advice can prove costly. We are members of the Insolvency Lawyers’ Association, R3 – The Association of Business Recovery Professionals – and have people ranked both in the Legal 500 and Chambers, the leading guides to law firms in the UK.

An unrivalled breadth of service

We work with clients in diverse sectors and are used to collaborating closely with other specialists who might be involved, such as accountants, insolvency practitioners, valuers and finance providers.

You’ll also benefit from seamless advice across multiple legal areas, as we’re able to call on expertise from other teams within the firm, including corporate, property, employment and IP/IT. So as well as being approachable and sensitive to the challenges you face this means we are ideally placed to advise you on issues such as:

  • Contingency planning and due diligence
  • Directors’ duties
  • Debt restructuring and financing
  • Creditors’ rights and options
  • Distressed acquisitions/sales
  • Bringing and defending insolvency claims
  • Entry into formal insolvency proceedings
  • Out-of-court restructurings and refinancing

Our recent experience and activities include:

  • Sale of a business in a pre-pack administration saving 10 jobs
  • Settlement of a claim by our liquidator client against directors for a six figure sum , enabling a substantial dividend to be paid to creditors
  • Negotiations with the Bank of Cyprus over forgiveness and settlement of two secured loans with a combined total of over €1m
  • Advising a lender about the risk of a transaction being set aside in the event of the borrower’s insolvency and suggesting revisions to mitigate the risk to the lender – value £5m+
  • Restoration of a company to the Register by the trustee in bankruptcy of the shareholder
  • Advising directors and shareholders on potential claims arising from the mismanagement of the company by another director

 

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    Alison Bidgood

    New Homes Manager

    Kate Westlake

    Associate

    Rachel Hennessey

    Paralegal

    Liz Allen

    Partner

    01392 210700
    Email Liz Allen
    More Info

    Keith Wright

    Partner

    Charisse Crawford

    Partner

    Megan Berryman

    Paralegal

    Peter Cooper

    Partner

    Jess Fallowes

    Paralegal

    Thea Bennun

    Senior Associate

    Charlie Spowart

    Paralegal

    Stephanie Wharmby

    Paralegal

    Chris Tofts

    Partner

    Rebekah Officer

    Solicitor

    Paula Wakeling-Basham

    Senior Associate

    Mike Davies

    Partner

    Robert Camp

    Director of Strategic Innovation

    Sean Jenner

    Solicitor

    Becky Hunt

    Practice Support & Compliance Assistant

    Chloe-Ann Roberts

    Paralegal

    Commentators describe the team as “technical, efficient and commercial.” Other sources praise the team for its “good, proactive advice.”

    Chambers Guide to the Legal Profession 2020

     

    Strong technically and good value for money

    Legal 500 (2020)

     

    Skilled and highly experienced bench of insolvency practitioners. Handles the full spectrum of restructuring and insolvency work, including director duties issues, asset recovery and company voluntary arrangements

    Chambers Guide to the Legal Profession 2018

     

    The level of attention and professional experience we have received has made working with them a pleasure. They offer a steady and calm service

    Chambers Guide to the Legal Profession 2019

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