Business support & insolvency solicitors
Supporting businesses through financial difficulties, restructuring, recovery, and insolvency matters.
Commercially focused business support and insolvency services for companies facing change or financial distress.
Many businesses of all types and sizes experience financial distress or difficulty. It is typically the extent of the financial distress that determines what is the most appropriate support and restructuring or insolvency mechanism and so the sooner action is taken, the more options are likely to be available.
Profitable businesses can also be adversely affected by a number of external factors, such as a customer in financial distress or which has gone into an insolvency process, or is trading irresponsibly.
Navigating these situations can be extremely challenging and selecting the right legal partner, with specialist experience, is a key determinant of the outcome for all parties.
- We help businesses identify financial challenges early and take practical steps to protect value, manage risk, and explore available options.
- We provide clear, strategic advice to help businesses restructure, stabilise operations, and achieve the best possible outcome.
- Our experienced team supports directors and businesses through complex insolvency matters with practical advice and clear direction.
- We focus on preserving value, safeguarding relationships, and finding commercially sensible solutions during times of financial pressure.
Our business support & insolvency services
Our business support and insolvency solicitors offer expert guidance to help businesses manage financial pressures, explore restructuring options, and achieve the best possible outcomes.
Administrations
When in administration, a company is placed under the control of an insolvency practitioner. We provide legal advice throughout the period of administration on a wide range of matters, including the sale or purchase of the business and assets of the company if the whole or part of the business can be saved.
Asset tracing & recovery
We frequently advise on matters of suspected fraudulent activity, acting swiftly to trace the location of the assets and secure them for recovery.
Bankruptcies
We routinely advise licensed insolvency practitioners on personal insolvency cases, supporting them through the process of the realisation of the individual’s assets. We also advise individuals facing pressure from their creditors as to the options available for dealing with their debts.
Company restoration
Where a company or LLP has been dissolved, we can advise on eligibility for restoration, the restoration process and the completion of the necessary court applications.
Directors’ duties
Where a company is or is at risk of becoming insolvent, we can advise on the changing directors’ duties and responsibilities, and ensure that they understand how their behaviour must be seen to demonstrate a shift of focus towards creditors.
Insolvency litigation
We regularly advise clients on all contentious aspects of insolvencies and have extensive experience in both bringing and defending substantial insolvency related claims.
Investigations into directors’ misconduct
Insolvency legislation provides for possible claims against directors who have been guilty of misconduct, such as claims for wrongful trading. We have significant experience acting in investigations of all levels of complexity.
Liquidations
Liquidation is the process used to wind up a limited company or LLP, with its assets and property being sold with a view to making some kind of return to creditors. We deliver legal advice throughout the process of both voluntary and compulsory liquidations.
Receiverships
We are highly experienced in providing advice during the process of receivership, which is a process initiated by a company’s secured lender. Under receivership, the interests of such creditors take precedence over the survival of the company.
Regulatory advice
Corporate insolvency is a highly regulated practice and we can provide advice in respect of all aspects of the regulatory framework and ensure compliance at all times and in all actions.
Restructuring & turnaround
We are highly experienced in non-contentious support and recovery options, including negotiating agreements and repayment schedules to enable companies to meet their responsibilities to creditors without becoming insolvent.
Sale & purchase of insolvent businesses
The sale and purchase of an insolvent business or its assets is quite different from dealing with a solvent entity. We have extensive experience in negotiating and navigating successful transactions for both sellers and buyers.
Security advice
Our team is able to provide reviews of security held by lenders in an insolvency situation to identify any issues and comment on the enforceability of any security and/or guarantees. We also advise insolvency practitioners on the validity of their appointment by secured lenders, and any matters of concern during the course of an insolvency assignment.
Setting aside antecedent transactions
Antecedent transactions are specific types of transaction that were made prior to a company’s or individual’s insolvency. We regularly support insolvency practitioners in the process of identifying antecedent transactions and seeking to reverse them where appropriate.
Voluntary arrangements
We are highly experienced in advising on all aspects of voluntary arrangements – the legal procedures that allow companies and individuals to come to an agreement with creditors on how their debts are going to be repaid, outside of more formal insolvency processes.
Business support & insolvency FAQs
When should a business seek business support & insolvency advice?
Businesses should consider seeking advice as soon as they experience financial pressure, cash flow difficulties, creditor concerns, or uncertainty about their future. Early advice can help identify available options, protect value, and avoid unnecessary escalation.
What business support options are available if a company is facing financial difficulties?
Depending on the circumstances, options may include restructuring, turnaround advice, negotiations with creditors, refinancing, or formal insolvency procedures. We assess each situation individually and provide practical guidance on the most appropriate route.
Do you help businesses avoid insolvency where possible?
Yes. Where appropriate, we work with businesses to explore early intervention strategies, restructuring options, and practical solutions designed to stabilise operations and protect long-term value.
Contact us
If you have any questions or would like advice on a related matter, please complete the form and one of our experts will be in touch as soon as possible.
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Why use debt recovery solicitors?
Specialist business support and insolvency expertise
We advise licensed insolvency practitioners, lenders, directors and other business stakeholders both in the UK and overseas through financial challenges, restructuring, and insolvency matters. We combine technical expertise with practical commercial insight to help clients make informed decisions.
Strategic advice focused on protecting value
Every business situation is different. We work closely with clients to understand their objectives, assess available options, and develop tailored strategies designed to protect assets, preserve value, and achieve the best possible outcome.
Practical solutions during financial uncertainty
Whether a business requires turnaround advice, restructuring support, creditor negotiations, or guidance through insolvency procedures, we provide clear, pragmatic advice to help navigate complex situations.
Full-service, leading law firm
Boyes Turner is ranked as a leading law firm by Chambers UK and The Legal 500. Our business support work is fully integrated with our expertise in corporate, commercial, employment, property and dispute resolution, allowing us to provide a holistic approach that protects and advances your wider business interests.
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What our clients say
Thorough, professional and supportive
What our clients say
Great results on both occasions.
What our clients say
Professional Support & Great Support
Our business support & insolvency solicitors
Recognised leading UK law firm
Boyes Turner is consistently ranked as a leading law firm by top legal directories Chambers and Partners and The Legal 500.
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