Restructuring and Insolvency

We advise businesses on financially distressed situations and assist insolvency practitioners on all aspects of insolvency processes.

If a business is in financial distress, we use our experience to feed into a rescue plan and work with the company's leaders to navigate back to a solvent position.

As for counterparties, their financial distress is a major threat to our client's interests so we protect their position and maximise their recovery in case the worst happens and a counterparty ends up in an insolvency process.  We have produced a useful Guide to protecting your business.

We also advise insolvency practitioners and banks in connection with formal insolvency processes, such as administration, provisional liquidation, receivership and liquidation.

Our lawyers

The lawyers in our national restructuring and insolvency group have extensive experience advising on business restructuring, counterparty insolvency, security enforcement and formal insolvency processes, on both non-contentious and contentious assignments.

Our experience

We help on various financially distressed assignments. Recent examples include advising:

  • Bolton Wanderers FC and Bury FC - Acting for the PFA on the administration of Bolton Wanderers FC advising on the club’s administration, including on loans of monies to players, and subsequently acting on a proposed loan by the PFA to the purchaser of the club to enable the transaction to complete. Also advised the PFA on Bury FC’s CVA and subsequent expulsion from the EFL.
  • Ferguson Marine - Acted for a surety client as issuer of two Refund Guarantees on the administration of Ferguson Marine shipyards in Scotland and its subsequent purchase by the Scottish government.
  • Mothercare - Acting for the administrators on employment issues arising out of the trading of the Mothercare business in the UK, following the earlier conclusion of its CVA.
  • Thomas Cook - Advising AIG in relation to the terms of its indemnity arrangements with the Thomas Cook Group and on the lead up to and following the compulsory liquidation of the Thomas Cook Group.

Our clients

  • BDO
  • FRP Advisory
  • Grant Thornton
  • Mazars
  • PNC Business Credit
  • RSM
  • The Insolvency Service

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