The Business Support & Insolvency service advises insolvency practitioners (IPs), banks, VCs, asset based lenders, directors and other business stakeholders on the full range of insolvency, restructuring, bankruptcy and recovery issues both in the UK and cross-border.
It also specialises in helping underperforming and distressed businesses return to profitability. Where this isn’t possible the aim is to maximise the return to stakeholders. It also assists third parties affected by business insolvency including customers, suppliers and landlords.
In addition, advice and assistance is provided to individuals on:
- Alternatives – IVAs, debt management plans as well as debt consolidation.
- Directors' duties and responsibilities, disqualification and personal liability.
Much of what the service does is confidential. However, involvement in complex high profile bankruptcies (including Jimmy White, Jack Dunnett and currently Scot Young), Proceeds of Crime Act receiverships and liquidations as well as carousel fraud cases (including asset-tracing) for HMRC has been covered in the media.