The Business Restructuring and Insolvency Team advises a wide range of stakeholders in respect of both businesses for whom a reconstruction exercise could result in consolidation and future growth, and businesses that are in terminal decline but where value may be preserved.

In reconstruction exercises we explore strategic legal avenues that help address particular difficulties within otherwise sound businesses, and we examine the possibility of releasing value through the use of solvent liquidations, reconstructions and schemes of arrangement

Where a business is in deeper difficulties, the Team firstly assists with any threatened statutory demands, winding up petitions or other hostile insolvency applications – and then we consider the strategy for the future. If the conclusion is that the business is in terminal decline, we can help instigate proceedings such as voluntary arrangements, administrations or other formal insolvency proceedings. Whilst such action may sound like the ‘death rites’ of a business, often the sound foundations will remain and new business structures can be built on them.

All businesses have to work within an increasingly complex legal framework and the Business Restructuring and Insolvency Team is able to draw on Lamb Brooks’ expertise in all of the areas that may have to be addressed as part of any restructuring. This includes specialist advice in relation to commercial property, employment, intellectual property, directors’ disqualification proceedings and regulatory or criminal investigations. The firm’s private client specialists are also involved, where this is appropriate, in order to protect reputations and relationships during what is, inevitably, a difficult time.

The Team is well connected, working closely with a wide range of insolvency practitioners and business recovery professionals in the local area and beyond to deliver a bespoke solution to our clients’ business problems.

We advise company directors, shareholders, as well as other business owners and managers. The Team also undertakes work for banks and asset based lenders, landlords, trading partners and other stakeholders to protect and enhance the value of direct and indirect business investments.