Business Clients
Early advice, when a business is faced with financial difficulty, can make the difference between a successful turnaround and a formal insolvency.
We can assist with:
- Advice to the board of directors on their duties and responsibilities
- Restructuring or refinancing solutions for the company.
If a statutory demand has been served or a winding up petition issued then we can advise in relation to:
- An application to restrain the issue or advertisement of the petition
- Negotiations for the dismissal or withdrawal of the petition.
We also specialise in the acquisition of assets from companies in liquidation or administration, whether by the incumbent management team or by an unconnected entity and whether by “pre-packaged” sale or otherwise.
Where one of your customers or suppliers faces financial difficulty or becomes insolvent, we:
- might be able to protect your position and enhance any recovery that you make from that customer or supplier
- assist or guide negotiations with the customer, supplier or insolvency practitioner
- implement our debt recovery procedures
- might be able to assert proprietary rights (such as a lien or retention of title), allowing your claim to rank ahead of other unsecured claims in any ensuing insolvency.
We can also assist directors who are faced with potential action from an insolvency practitioner or the department of trade and industry in relation to director disqualification proceedings.
