Corporate recovery and insolvency

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, licensing, 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.

Key contacts

Jeremy Reilly
Partner
Jeremy Reilly
Telephone
+44 (0)161 817 7336
Email
jeremy.reilly@hilldickinson.com
Paul Spence
Partner
Paul Spence
Telephone
+44 (0)161 838 4960
Email
paul.spence@hilldickinson.com
Martin March
Partner
Martin March
Telephone
+44 (0)161 817 7329
Email
martin.march@hilldickinson.com