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Restructuring and insolvency

In an unpredictable world, it is not uncommon for businesses to experience financial difficulties. Insolvency can also affect everyone along the supply chain and have a huge impact on people’s lives. Whatever difficulties or challenges you face, we work with you to protect and promote your interests and safeguard your business’s future.

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Expertise you can rely on

We work with all parties involved in insolvencies to find the best possible outcome. Whether you are the company specifically affected, a management team, stakeholder, creditor or insolvency practitioner, we bring together the right combination of specialists for your circumstances.

Our team includes highly experienced insolvency lawyers together with other specialists offering expertise across corporate, financial, litigation, commercial, employment, property and debt recovery matters. We also have extensive experience advising developers, contractors, landlords, lenders and occupiers in the wake of the financial recession.

Recovery is usually the preferred solution and we will work closely with management teams, accountants and insolvency practitioners to develop an appropriate strategy to guide the business to a brighter future. That may involve streamlining, closing a part of a business or a sale.

If you are creditor, you can rely on us to maximise your recoveries by helping you manage credit, take security or simply understand what is involved and how you can achieve the best outcome.

Working at a rapid pace when required, we bring a unique perspective to your problem, and are known for delivering commercial and practical solutions. Our personal insolvency service covers you against the risks of bankruptcy and provides the guidance you need when making the difficult decisions.

Highlights

Our Restructuring and Insolvency Team has been involved in a number of high-profile claims and cases. Highlights include:

  • restructuring a national firm of valuers and surveyors across 50 locations before voluntary liquidation
  • successfully concluding the purchase of multiple distressed construction companies, leading to consolidation into a new specialist construction services group
  • successfully defending directors facing a £40 million claim for wrongful trading and breach of duty
  • restructuring and achieving the survival of a professional practice with substantial pension deficit claims and restructuring

  • advising a liquidator of a Luxembourg Limited Partnership regarding its asset and property holdings in the UK
  • recovering unlawful dividends/preferences from directors/members of insolvent businesses
  • restructuring the land ownership in a farming partnership on a partner bankruptcy

Sources say Mark Cullingford is ‘very commercially astute and imaginative in dealing with insolvency problems’.

Melissa George is a ‘sensible practitioner who knows her stuff’.

Chambers and Partners 2016

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