Insolvency and Recoveries
Insolvency is not just a risk for small businesses - the recent closure of MG Rover again demonstrated how large and established companies can also suffer business failure. Certainly new ventures face greater challenges and risks. Current figures estimate that only 45% are still trading after 3 years.
Our Insolvency and Recoveries Group works with creditors, insolvency practitioners and those failing businesses that require advice on all aspects of recovery, turnaround and insolvency. We can also help you to avoid formal insolvency arrangements through timely advice and action.
Our expertise covers:
For further information about our services or to discuss a particular matter or situation, please contact Danny Davis on +44 (0)20 7440 7075 or by email.
Work Highlights
Our team has advised on the following:
- Acting for the purchaser of core businesses of an AIM listed company dedicated to computer games, including dealing with the intellectual property rights of the business, the owning company of which had been placed into administration.
- Acting for administrators of one of the main suppliers of soft furnishings in the UK, together with the restructuring of the wider group of companies involving a mixture of corporate, employment, litigation and specialist insolvency advice.
- Acting for the joint liquidators of a company and negotiating and reaching settlement with the company's parent, which included payment of all creditors in full and particularly resolving issues with the company's pension fund.
- Acting for joint administrators of a company selling heavy machine tools and novating a series of contracts, resulting in a successful recovery for the company.
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