Our team will work with you to find the right strategy, listening to your concerns and ensuring they are addressed.
Whether carried out using a formal insolvency process, a managed turnaround or a refinance, we can offer commercial advice at every stage of the restructuring process. We are also able to utilise our extensive range of contacts to provide you with alternative options you may not have thought available, such as an introduction to alternative methods of funding or to an interim manager to provide hands-on assistance while your business stabilises.
When faced with financial difficulties, we know you will be confronted with numerous difficult decisions. Directors of financially distressed companies face a totally different set of considerations and duties than they would otherwise need to consider. When in this situation, it is critical to understand your personal responsibilities as directors to ensure you take the right action. We know this will be unfamiliar territory for you. We can offer a reassuring presence to guide you through the restructuring strategy, explaining options in a way that you will understand.
Above all, we will know the right course of action for you to take and will help you achieve the best outcome for all involved through a strategy created for you.
Our recent experience includes:
- Advising Monsoon Accessorize Limited and Accessorize Limited in connection with the proposed and successful adoption of their CVAs
- Advising the board of Aldo UK Limited, a ladies’ fashion retailer in connection with its restructuring through a CVA
- Advising the board of a transportation company in financial distress and helping in connection with managerial decisions, such as business critical payments, faced by the board whilst trying to achieve a solvent sale of the company
- Advising the board of a company which operated a toxic waste disposal site and liaising with the company's bankers to establish and operate a trust account, through which payments were made without worsening the company's financial position, whilst a sale of the business was negotiated and completed
Advising distressed companies & their directors is part of Shoosmiths’ wider corporate restructuring & advisory offering. If you would like help finding the right team or lawyer please contact us on +44 (0)3700 863 000 or contact us by email to [email protected].