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:

  • The administrators of the Brilliant Media Group (previously the UK's largest independent media agency with a turnover of £143million) on the sale of the business to MediaCom (part of WPP).
  • On the negotiations for the disposal of SPG, a manufacturer and refurbisher of refrigeration display units for supermarkets, and its assets to a purchaser at short notice.
  • The administrators of S Morgan & Sons Limited on all aspects of the administration. More recently, we have advised the administrators on the sales of the major parcels of land and secured an agreement between the respective secured creditors.
  • The administrators of SAG Solar in connection with their appointment, sale of interests in solar farms and related issues arising from the administration of a company that constructed and operated solar farms.

Our clients

  • Grant Thornton
  • BDO
  • RSM
  • FRP Advisory
  • Mazars
  • PNC Business Credit

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