Business Rescue and Insolvency Solicitors

If you or your business are in extreme financial difficulty, you need urgent, specialist help to resolve your situation and plan for a stronger future. In a time of stress and confusion, our expert business rescue and insolvency team brings calm, confidence and focus - thinking strategically and creatively about your position and fighting your corner where necessary.

We understand that mounting financial problems can leave you simply firefighting, without the support you need to get back on your feet. This can have a knock-on effect on your personal life, further adding to the pressure you feel. We are here to relieve that pressure, working through both your business and personal concerns.

Our team has an exceptional reputation, regularly accepting referrals from major insolvency practitioners and accountancy firms, as well as working closely with our Debt Recovery department. We manage complex negotiations with receivers, banks and shareholders in the UK and abroad, minimising your losses and improving your prospects, fast.

How we can help

Talking to an insolvency expert is the first step toward finding a resolution that works for you and your business. Our aim is to help you navigate the crisis and get you back on the road to recovery wherever possible. We can help you utilise recent changes to UK insolvency law that have made rescue accessible for many businesses that might otherwise have been forced to close their doors. We are pragmatic but also creative, we look for solutions you may have missed and will ensure that you are aware of all the options available to you.

Some of our expertise includes:

• Advising businesses about the corporate insolvency process and developing bespoke strategies on their behalf
• Defending creditor action and obtaining injunctions against the issuing of winding up proceedings
• Taking legal action against directors and former directors for breach of duty
• Acting for businesses in relation to claims brought by official receivers and insolvency practitioners
• Liaising with interested parties, including banks, accountants, LPA and fixed charge receivers and shareholders
• Advising on administration and restructuring and its associated risks, including employment issues such as TUPE
• Advising on Company Voluntary Arrangements (CVAs)
• Advising directors in respect of personal liability and defending any claims
• Advising insolvency practitioners and liquidators in respect of any claims
• Advising in circumstances where liquidation may be appropriate and working with specialists such as accountants to achieve the best possible outcome

Why choose our business rescue and insolvency lawyers?

We are a highly experienced, partner-led team with a wide range of in-depth expertise. We assist all types of business across all sectors and we have particular expertise in matters involving agricultural businesses and the food & drink sector. We have four offices across Cambridgeshire, Lincolnshire and Nottinghamshire so we are well placed to assist any business in the East of England and the East Midlands.

Our approach to business rescue is non-combative; we negotiate fair resolutions wherever possible while promoting businesses’ commercial interests. Our team includes several alternative dispute resolution specialists, including Partner, Tim Russ, who is a qualified mediator through the ADR Group and the Centre for Effective Dispute Resolution (CEDR). Tim is also an accredited member of the Law Society Civil and Commercial Mediation Panel and a Fellow of the Chartered Institute of Arbitrators (CIArb).

We are fully up to date with the latest developments in insolvency law and can provide detailed advice about the temporary and permanent measures under the Corporate Insolvency and Governance Act 2020, including:

• Moratoriums on payments and creditor action for viable companies
• The prohibition on termination clauses upon corporate restructuring or insolvency within contracts for the supply of goods and services
• The new restructuring plan process

Roythornes has achieved the Law Society Lexcel accreditation, the legal practice quality mark for firms that demonstrate the highest levels of client care, compliance and practice management.

Get in touch with our dispute resolution solicitors

For further information about our dispute resolution services, get in touch with our team in Alconbury, Birmingham, Nottingham, Peterborough or Spalding.