When a business faces financial problems, the aim should be maximum recovery for all stakeholders.
Hill Dickinson undertakes all types and aspects of restructuring, insolvency (both corporate and personal), corporate recovery and distressed advisory work.
When there is the time and opportunity to save a business, we will use our restructuring and turnaround skills to pursue all the options available. However, if formal insolvency is unavoidable, we are specialists in administrations, receiverships (including administrative receiverships), liquidations (both compulsory and voluntary), voluntary arrangements and bankruptcy.
We are experienced in both contentious and non-contentious aspects of insolvency. With a strong reputation for sound technical advice combined with a pragmatic and commercial approach, we aim at all times to give proactive and timely advice to enhance commercial outcomes in what are testing times for any business.
We also have expertise in areas such as company law, property, banking, employment and dispute resolution. This means we are able to deal effectively and expeditiously with all issues arising in any restructuring or business recovery context.
Recent assignments include:
- Acting for the administrators of Hurley’s Menswear Ltd, a chain of retail specialists in the North West. This included the sale of the business and the assets of the company to the management team and various third parties
- Advising a foreign-based holding company on the restructuring of a UK subsidiary with a pension deficit of circa £2.6 million
- Advising a major retailer on the restructuring of its debt, the renegotiation of its leases and contracts and the disposal of a failing business unit
- Advising the directors of a major furniture group on their duties and responsibilities and the proposed turnaround and refinancing of the distressed business
- Acting successfully for a creditor with a
contested proof of debt worth £5 million in a liquidation
Our clients
We work across a broad range of sectors with directors, management teams, financial institutions/lenders, insolvency practitioners and key creditors.We work across a broad range of sectors with directors, management teams, financial institutions/lenders, insolvency practitioners and key creditors.
Hill Dickinson LLP’s Liverpool office was strengthened by
the arrival of Paul Spence from Halliwells. Spence and his team’s
arrival has strengthened the firm’s lender-side practice, with
clients such as Bank of Ireland and Anglo Irish Bank coming with
him. In Manchester, Jeremy Reilly is the lynchpin of the group, and
successfully picked up Zolfo Cooper as a new client.
This
team has recently expanded with the arrival of Paul Spence and his
team from the Halliwells Liverpool office. Work over the last year
has included advising MCR as administrator of the Baked Snacks
Company and acting for PKF as administrator of Quadriga
Concepts.
