Insolvency and corporate recovery in East Midlands

Browne Jacobson LLP

Browne Jacobson LLP's 'efficient and knowledgeable' Nottingham team handles contentious and non-contentious insolvency and recovery cases for creditors and debtors. On the contentious side, the firm represents creditors, joint administrators and liquidators in high value claims in various industries. Legal director Emma Taylor has a wealth of experience assisting creditors and distressed companies with restructuring procedures and business-critical transactions. In a recent highlight, she acted for Sunrise Records Entertainment on its purchase of assets from the joint administrators of HMV Retail Limited for £885,000, resulting in the preservation of almost 1500 jobs. John Adams leads the firm's London team, which often works with the Nottingham office, and has notable expertise in fraud and asset recovery.

Testimonials

‘A great team of people who combine legal expertise with a very commercial view and a thorough understanding of our business. They make a strong effort to understand what our drivers are to offer the most practical advice possible. We are always impressed with the response when dealing with Browne Jacobson.’

‘The insolvency and restructuring team at Browne Jacobson is extremely impressive, offering a magic circle service to its clients at a good cost.  There is real depth and quality in the team, which is one of the most high profile specialist departments outside London.’

‘Browne Jacobson has great experience and knowledge of insolvency matters.’

‘Emma Taylor provides clear and candid advice, even when dealing with high level complex Insolvency matters.’

Key clients

KPMG LLP

BDO LLP

Mazars LLP

SC Advisory Services Limited (t/a Smith Cooper)

RSM Restructuring Advisory LLP

London Borough of Croydon

Derbyshire County Council

NMCN PLC

Maven Capital Partners UK LLP

FRP Advisory LLP

Work highlights

  • Advised the joint administrators of Mazars on the sale of the new build division of BillsaveUK Limited to Avonside Energy Limited.
  • Advised Maven Capital Partners UK on the  pursuance of actions for wrongful trading, breach of director’s duties and the recovery of preferences.
  • Advised Sunrise Records and Entertainment on the purchase of assets from the joint administrators of HMV Retail Limited.

Eversheds Sutherland (International) LLP

With particular expertise in the retail, energy, construction and financial services sectors, Eversheds Sutherland (International) LLP's Nottingham team predominantly advises liquidators and administrators engaged in insolvency proceedings in the UK and overseas. The group also assists distressed companies with restructuring and refinancing procedures. Mark Wood remains very active in contentious and non-contentious insolvency and restructuring cases, where he tends to advise large creditors and accountancy firms. Ian Gill specialises in insolvency litigation. Principal associate Douglas Highet is also recommended.

Practice head(s):

Mark Wood

Other key lawyers:

Ian Gill; Douglas Highet

Testimonials

I worked with Eversheds Sutherland on a trading administration and sale of business. They were diligent and responsive.’

Key clients

The Royal Bank of Scotland Plc

Santander UK Bank Plc

Handelsbanken

Allied Irish Bank

KPMG LLP

PricewaterhouseCoopers LLP

Deloitte LLP

Ernst & Young

Work highlights

  • Advising the Administrators of Chemence Graphics on the sale of the assets of the business, trading issues and placing the company into administration.
  • Advising the Administrators of S P Fabrications on its sale of assets providing for payment in full to secured creditors.
  • Acting for Gibson Innovations Group  in worldwide recoveries for secured charge-holders and their advisers.

Gateley Plc

Gateley Plc's large team in Nottingham regularly works with colleagues across the network of UK offices in a wide range of matters, including restructuring processes, asset sales and court-mandated insolvency proceedings, where they tend to act for administrators. Chris Radford acts for lenders, companies , boards of directors, insolvency practitioners and turnaround professionals in contentious and non-contentious insolvency and recovery mandates. Su Garner, who is based in Leicester, focuses primarily on corporate restructuring outside of court.

Practice head(s):

Chris Radford

Other key lawyers:

Su Garner

Testimonials

‘The team has the experience and capability to cover the whole range of insolvency activities. 

‘We have found Chris Radford to be a great source of knowledge and expertise, helping us to find a way through some challenging insolvency situations.’

We work with a wide range of insolvency lawyers, but would generally use Gateley plc for the larger, more complex cases.’

Key clients

AIB Group (UK)

Aldermore Bank

Arbuthnot Latham

Bank Leumi

Bibby Financial Services

Close Brothers

Clydesdale Bank

Finance Birmingham

HSBC Holdings

Leumi ABL

Lloyds Bank

Metro Bank

Nationwide Building Society

Santander UK

Secure Trust Bank

The Royal Bank of Scotland Group

Urban Exposure

Work highlights

  • Advised Paragon Leisure Group and Notts County Football Club in relation to directors’ duties and an accelerated sale process, and we subsequently helped the company reach compromises with its creditors and completed the sale.
  • Assisted the joint administrators of Kit for Kids on the restructuring of a children’s furniture and nursery goods manufacturer.
  • Acting for the Joint Administrators of Building Services Design (Cambridge) Limited and Building Services Design (Holdings) Limited.

Howes Percival LLP

Howes Percival LLP's Leicester and Northampton team handles a wide range of contentious and transactional mandates, which includes restructurings, debt collection proceedings and insolvencies connected to investment fraud. The practice also distinguishes itself through its work on the government's Insolvency Service Panel; this includes public interest winding up proceedings involving allegations of fraud. Leicester-based partner Carl Mifflin, who is described as 'technically excellent' by one client, often advises business owners on their duties and options during periods of financial difficulty. Katie Summers, who is based in Northampton, is an expert in contentious insolvency.

Practice head(s):

Carl Mifflin

Other key lawyers:

Katie Summers

Testimonials

‘Carl Mifflin is arguably one of the best insolvency lawyers in the region.’

Key clients

Mazars LLP

BDO UK LLP

RSM

Grant Thornton

Smith Cooper

Quantuma LLP

Begbies Traynor

FRP Advsiory LLP

Elwell Watchorn & Saxton

BRI UK LLP

Work highlights

  • Advised BRI UK (trustees in bankruptcy) in relation to investigation and recovery of property worth millions of pounds, including cryptocurrencies.
  • Advised Mazars (liquidators) on claims against company directors valued at £25m and settlement for investment into aggressive tax avoidance schemes.
  • Acted for administrators Begbies Traynor on the appointment and sale of business and assets of a company for £1.5m.

Actons

Actons' Nottingham practice is frequently appointed in insolvency cases to represent joint trustees, administrators or liquidators. In addition, the team handles non-contentious insolvency and restructuring work and bankruptcy annulments. Licensed insolvency practitioners Nicky Calthrop-Owen and Annabel Whittaker both have a wealth of experience in corporate and personal insolvency mandates.

Practice head(s):

Annabel Whittaker

Other key lawyers:

Nicky Calthrop-Owen

Testimonials

‘The team are highly knowledge and very approachable. They are friendly to work with and both commercial and realistic in their approach.’ 

Key clients

Grant Thornton UK LLP (London/Leeds/Manchester)

RSM Restructuring Advisory LLP (Nottingham/Leicester)

KPMG (UK) LLP (Nottingham/Birmingham)

Payplan Partnership Limited / Payplan Bespoke Solutions Limited

Harrisons Business Recovery

CFS Restructuring LLP

FRP Advisory LLP (Birmingham)

Bates Weston LLP

BDO LLP (Nottingham)

Work highlights

  • Acting on behalf of and against insolvency practitioners in various employee benefit trusts cases.
  • Advising liquidators on misfeasance claims against a director of the insolvent company, leading to recoveries for the insolvency estate.
  • Advising the joint trustees in bankruptcy on alleged deeds of trust entered into by a bankrupt client and his spouse, to transfer the bankrupt’s  interests in two properties to the spouse.

Freeths LLP

Freeths LLP's Leicester-based team specialises in advising insolvency practitioners on nil-asset cases, which involve establishing if assets have gone missing and steps to recover them. On the non-contentious side, the group advises companies on reorganising and restructuring procedures, including asset disposal. Simon Baigent focuses on turnaround, distressed M&A and complex investigatory work. Charles Darby specialises in asset avoidance cases. Graham Greenfield, who is based in Nottingham, has a wealth of experience handling corporate and personal insolvencies.

Key clients

BDO LLP

Begbies Traynor LLP

CBA Business Solutions Limited

Elwell Watchorn & Saxton LLP

FRP Advisory LLP

Greenfield Recovery Limited

KPMG LLP

Mazars LLP

PKF Cooper Parry Limited

RSM

Geldards LLP

Geldards LLP's practice, which is based in Derby, acts for insolvency practitioners, directors, creditors and liquidators in insolvency proceedings and restructuring mandates. Nino Simone, who is well-versed in all forms of commercial dispute resolution, has a wealth of expertise advising directors facing claims by creditors and liquidators. The 'approachable and knowledgeable' Ruth Thurland, who was promoted to senior associate in January 2019, is often instructed by clients in corporate and personal insolvency cases, including cross-border claims.

Practice head(s):

Nino Simone

Other key lawyers:

Ruth Thurland

Testimonials

‘Ruth Thurland is always one step ahead of you – she instinctively knows what her instructions are likely to be.’

‘Ruth is a fabulously reassuring solicitor – on top of the facts, on top of the law, calm and clear.’

‘I have worked with Geldards for some 15 years now, and whatever area of expertise is needed the firm has always excelled.’

Ruth Thurland has good technical knowledge and is particularly good at insolvency, restructuring and dispute resolution. She also appreciates the value of the matters she deals with and proactively seeks to deliver a commercial result. Equally, I know that any client I refer to her receives a great client service.’

Key clients

Smith Cooper

Blades Insolvency Services

Bridgewood Financial Solutions

FRP Advisory LLP

LM Insolvency & Advisory

Boots UK Limited

Derby City Council

Derby County Football Club

Streitbörger Speckmann

Rechtsanwalte Dr Michael Arens

Nelsons Solicitors Limited

Based in Leicester, Nelsons Solicitors Limited's team is led by Rachel McCahill, whose broad expertise spans administrations, liquidations, bankruptcies and non-contentious work with distressed companies. The practice is also well-equipped to pursue bond claims cases against insolvency practitioners relating to alleged fraud. Alistair Haggerty, who was promoted to associate in 2019, is another key figure.

Practice head(s):

Rachel McCahill

Other key lawyers:

Alistair Haggerty

Key clients

FRP Advisory LLP

Kennway Francis Limited

The MacDonald Partnership

Smith Cooper

Menzies LLP

Blades Insolvency

Bridgewood Financial Services Ltd

Dains

Elwell Watchorn & Saxton LLP

PKF Cooper Parry

Berley Chartered Accountants

Mazars LLP

4Syte – panel appointment

Work highlights

  • Acting for the qualifying floating charge holder of a company. The firm liaised with the proposed administrators of the company and the directors of the company to ensure a smooth transition.

Shakespeare Martineau LLP

With sector specialisms that include energy, financial services and education, Shakespeare Martineau LLP's team advises all parties in insolvency proceedings, including trustees and administrators. 'Experienced and amenable' partner Sean Moran is equally capable in insolvency litigation and restructuring mandates, in which he advises directors and insolvency practitioners. Legal director Sheena Tandy has a notable strength assisting distressed businesses with liquidating their assets. Legal assistant Khatija Patel is also recommended.

Practice head(s):

Sean Moran

Testimonials

‘The team operate on the same page, seamlessly working together on assignments with no overlap or duplication whilst operating at the highest level.’

‘Sheena Tandy brings a carefully considered and commercial approach to her advice.’

‘Sean Moran dealt with a particularly difficult and vexatious litigant with good grace and humour.’

‘Sean Moran’s attention to detail and commercialism are excellent.’

Key clients

KPMG LLP

FRP Advisory LLP

BDO

Mazars

RSM

Duff & Phelps

Bridgewood

Smith Cooper

Leonard Curtis

Begbies Traynor

CBA Business Solutions Limited

F A Simms & Partners Limited

Assist Business Consulting

Horsfields Limited

Work highlights

  • Advised the administrators of SDF Automotive, securing their appointment and advising on a series of manufacturing and supply agreements and the sale of certain assets.
  • Advised Bridgewood (trustee) on a complex £1m personal bankruptcy.
  • Worked with Duff and Phelps and the directors of Turner Aluminium Castings Limited to secure the appointment of joint administrators.

Langleys Solicitors LLP

Langleys Solicitors LLP handles contentious and non-contentious instructions from insolvency practitioners, secured creditors, unsecured creditors and debtors. David Tonge has expertise in administration sales, antecedent claims and restructurings.

Practice head(s):

David Tonge

Key clients

RSM Restructuring and Advisory LLP

Baker Tilly Creditor Services LLP

Begbies Traynor (SY) LLP

John Harlow Insolvency and Corporate Recovery

Kingsbridge Corporate Solutions

Elwell Watcham and Saxton LLP

Dains LLP

Bridgewood Financial Solutions

Work highlights

  • Advised John Harlow as Administrator of Techmax Ltd (“the Company”) on the sale of the business and certain assets of the Company to a third party for £120k.
  • Acting for Pratt and Chesterton Electrical in relation to its response to a “just and equitable” winding up petition against it issued by two shareholders.
  • Acting for Begbies Traynor, the Supervisor of an IVA that had fallen into default and became subject to bankruptcy proceedings.

Smith Partnership

Smith Partnership's practice is led by 'diligent and calm' associate Ruth Ball, who has over 16 years of experience in the insolvency arena. Ball acts for insolvency practitioners, company directors and individual debtors in a wide range of matters, including insolvency litigation, administrations, voluntary and compulsory liquidations.

Practice head(s):

Ruth Ball

Testimonials

‘The insolvency team at Smith Partnership is an excellent example of how a small team made up of talented practitioners can provide a first-rate service to rival and surpass that offered by larger firms. The insolvency team is, in my view, unique in the level of care and attention they provide their clients with.’ 

‘Smith Partnership have become a trusted and valuable partner for insolvency issues. The firm has demonstrated a practical and commercial approach in dealing with insolvency matters.’

‘Ruth Ball demonstrates an excellent technical knowledge of insolvency and acts with care and compassion at all times.’ 

‘Ruth Ball stands out as a first-rate practitioner.’

Key clients

Smith Cooper

Moore Stephens

CFS Restructuring

CBA Business Solutions

Mazars

Lufthansa Airlines

Work highlights

  • Assisted Mmoore with an application to set aside a complex deed of trust made in 2013 on the basis that the deed of trust is undervalued.
  • Advised joint trustees of Mazars (in bankruptcy proceedings) on an application to set aside an injunction preventing the joint trustees from selling a property.