Expert advice in tough times
Where a formal insolvency procedure is the right step, we work swiftly and flexibly with directors, lenders and creditors to maximise value for all stakeholders.
We also advise directors on their duties to ensure the right procedure is implemented at the right time.
If a case is particularly complex or contentious, our forensic insolvency recovery service (FIRS) will take the lead. Where negligence, misconduct or misappropriation of company assets have contributed to the insolvency, we’ll investigate and pursue recovery.
Corporate insolvency services
Administration
Where a company with an underlying viable business is in trouble, an administration procedure can be used to protect it from creditor action (including from landlords and enforcement action from HMRC) while a restructuring plan or business sale is explored. If a deal is already on the table, a pre-pack administration allows the sale to be effected immediately following the company entering administration.
Company voluntary arrangement
We can assist with drafting this flexible agreement which enables a company to make a private arrangement with all its unsecured creditors. It allows the business to continue to trade, avoiding liquidation and preserving jobs and value in the business, while the company makes contributions towards its historic debt.
Creditors’ voluntary liquidation (CVL)
Where a business has built up insurmountable debt and it’s no longer feasible to continue trading, we can ensure it’s closed down efficiently using a CVL, supporting directors in complying with their duties to all stakeholders.
Receiverships
These are an efficient way for lenders to take control where a loan is in default. We act for lenders in protecting and managing key secured assets to maximise the return to the lender under their charge.
Compulsory winding-up
Our forensic insolvency recovery service frequently makes us the liquidator of choice for creditors, including asset-based lenders in these cases. When a company has been wound up by the court, we’re appointed to protect creditors’ interests, realise assets in jeopardy and conduct extensive investigations into the company’s affairs.
Moratoriums and restructuring plans
A moratorium gives a company in distress formal breathing space, free from creditor action, to pursue a rescue plan. We can assist with formulating proposals for a restructuring plan if the company has unsustainable debt but where the underlying business remains viable.
Contact us to find out more about our corporate insolvency services.
