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

  • Acting for a top-flight overseas football club in a dispute with the administrators of an English football club concerning a €3m transfer fee.
  • Success at trial for a litigation funder as assignee of insolvency claims, including preferences and transactions at an undervalue.  Successfully defeated two separate appeals which set important legal precedent on the interpretation of the Insolvency Act 1986 (Cage Consultants Ltd v Iqbal (Re Totalbrand Ltd) [2020] EWHC 2917 (Ch) ; Cage Litigation Limited v Iqbal [2022] EWHC 2731 (Ch)).
  • Acting in the successful defence at a 4-week trial of claims for breach of fiduciary duty, negligence, dishonest assistance and conspiracy against a former director arising from an alleged unlawful restructure of a cosmetic surgery business.  Damages exceeding £33,000,000 were sought and all claims were dismissed with the claimants ordered to pay indemnity costs (Henderson & Jones v David Ross and others [2023] EWHC 1276).
  • Acting for Administrators on the pre-packaged sale of the business and assets of a £62m business in the automotive sector. Assisted the Administrators with the business’s substantial property portfolio whilst managing key stakeholders.
  • Advising the trustee board of ALRA prior to and on its entry into liquidation. This is one of the only higher education institutes to enter a formal insolvency procedure. Work included advising the trustee board of on their trustee/charity duties in light of the insolvency included drafting trust arrangements and petitioning for a winding up on behalf of the trustees.

Our clients

  • BDO
  • FRP Advisory
  • Grant Thornton
  • Mazars
  • PNC Business Credit
  • RSM
  • The Insolvency Service
Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R


Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.


Mills & Reeve system for employees.