Restructuring & Insolvency
Is your company experiencing financial difficulties? Are you finding yourself firefighting and unable to take time to step back to deal with the mounting problems in the company?
Get experienced help – fast
At Francis Wilks & Jones, our team of restructuring and insolvency lawyers have many years’ experience acting in all aspects of business turnaround, restructuring and formal insolvency processes. There is nothing that our team of experts have not seen in their many years working in this area.
One thing our experience has shown time and time again is that the sooner a company takes expert advice, the more options that are open to it. In particular, the earlier a company honestly and openly confronts its issues, the more chances that one of the many restructuring options open to it can be used successfully, avoiding the need for more final insolvency processes in the future.
Different forms of restructuring help can be available to you
Company restructuring can take many forms. We have a wide range of restructuring tools in our armoury that can be called upon to reduce the risk of your company falling into a formal insolvency process, with the often fatal consequences this can have on a company and a director’s future.
Company restructuring can be informal, or can be more formal, involving the court or a more structured process. Whatever the company restructuring methods required for your company, our team of experts at Francis Wilks & Jones can guide you along the way, providing advice and legal assistance, acting on your instructions to bring about an effective company turnaround using tried and tested methods.
Give yourself the best chance to turn things around
The key to successful restructuring and turnaround is to formulate a well thought through business rescue strategy, using the advice and guidance of company restructuring experts, restructuring lawyers and insolvency practitioners.
Any business with financial problems will first need to stabilise itself in order to obtain some breathing space to work out an effective recovery strategy going forward.
There are various ways of doing this, either through formal or informal agreements with your creditors in order to avoid them prematurely winding up the company with the disastrous consequences that this may have.
Some of the additional tools available for company restructuring are:-
- Debt restructuring.
- Transfers of parts of the business to a new company.
- Enforcing share security.
- Obtaining fresh equity injection or new financing.
- De-merging parts of the business that are underperforming.
- Using a more formal insolvency procedure such as a scheme of arrangement or an administration, which can provide breathing space to allow for recovery.
Our team is here to help
Our team at Francis Wilks & Jones works alongside the top licensed insolvency practitioners in the country, when necessary, in order to ensure the best service possible for our clients. Our services can help improve the performance of your company and return to a solvent and successful future. If you think company restructuring may be something that your company should consider, call one of our friendly advisers today who can talk you through the issues.
The sooner you seek advice, the sooner we can help you turn your business around.
Contact us now – we can help
We have also set out below our answers to the common questions we get asked on this subject. We hope you find these useful, but do feel free to call one of our friendly team of advisers for a confidential call on any of these issues.
Common questions answered
1. Company restructuring definition
At Francis Wilks & Jones we are sometimes asked for a company restructuring definition. Company restructuring is the act of organising a company, or restructuring a company, usually for the reasons of business recovery, in order to allow for a company rescue of some sort and a business turnaround.
2. How does restructuring benefit a company?
The business restructuring team at Francis Wilks & Jones is frequently asked how does restructuring benefit a company? When considering how can a business avoid failure, there are many options for a business to consider. One option is company restructuring or business restructuring to bring about a business turnaround and company rescue. We are often approached by business owners who want to know how does restructuring benefit a company compared to more formal insolvency processes.
3. How do I turnaround a failing business?
One of the many questions the business and company rescue team at Francis Wilks & Jones is asked on a regular basis is how do I turnaround a failing business? Our team of experts at Francis Wilks & Jones advise a variety of companies that are in financial difficulties or businesses that require business turnaround or company restructuring in order to effect a company rescue. No two companies are the same and we advise taking business rescue expert advice as early as possible to answer how do I turnaround a failing business.
4. What is a turnaround strategy in business?
At Francis Wilks & Jones our team of business rescue experts frequently act for companies requiring company rescue and business recovery advice, who often ask what is a turnaround strategy in business? The answer to this very much depends on the type of business involved but our team here can talk through the options that may work for your business recovery and company rescue. Contact us today to discuss.
5. What does turnaround mean in business?
The terms business turnaround, company restructuring, business restructuring, business rescue and company rescue are all terms that are used by those in the business turnaround industry concerning a business in trouble. However, a business owner will want to know what does turnaround mean in business for them? At Francis Wilks & Jones our team of business turnaround experts are able to advise on what does turnaround mean in business for you.
6. What are the types of retrenchment strategy?
Our team of business rescue experts at Francis Wilks & Jones are often asked to provide advice and help explain and act on what are the types of retrenchment strategy required for a successful company rescue and business turnaround?
7. What are the key characteristics of a successful turnaround plan?
A business requiring company rescue will often want to know what are the key characteristics of a successful turnaround plan. There are no specific key characteristics that apply to all businesses, and your business recovery will very much depend on what are the issues that lead you to require a business recovery plan and a company rescue for your company. Our team of experts at Francis Wilks & Jones frequently advise businesses with financial difficulties and can talk through the options for your business to discuss what are the key characteristics of a successful turnaround plan for your company.
8. Turnaround strategies for businesses in crisis?
Any business with financial difficulties will inevitably be very concerned and research turnaround strategies for businesses in crisis. It is important first however that any business in financial crisis takes a step back to consider the issues that have brought that business into financial difficulties. The best way of doing this is to speak to a business rescue expert who is independent and can devise a business recovery strategy for that business, looking at business restructuring and business turnaround methods in order to effect a company rescue. At Francis Wilks & Jones we have a team of experts who frequently deal with businesses in financial crisis and are here to advise.
9. Business turnaround strategy steps
Our team of business rescue experts at Francis Wilks & Jones often act for businesses in financial difficulty who are looking at business turnaround strategy steps in order to bring about a company rescue and business recovery for them. The business turnaround strategy steps for one company may be different for another and an effective business turnaround will need a business recovery strategy that is specific to the business seeking advice. Our team at Francis Wilks & Jones can discuss the business turnaround strategy steps that may be right for your business.
10. Business restructuring
At Francis Wilks & Jones we often act for companies requiring company rescue by way of a business restructuring. Our business rescue team have a wide range of experience in all aspects of business restructuring and company restructuring in many market sectors in order to bring about a successful business turnaround and business recovery leading to a company rescue.
11. Company restructuring
At Francis Wilks & Jones we often act for companies requiring company rescue by way of a company restructuring. The team at Francis Wilks & Jones have a wide range of experience in all aspects of business restructuring and company restructuring in order to bring about a successful business turnaround and business recovery leading to a company rescue.
12. Business turnaround
We are often asked to advise and act for companies requiring company rescue and business turnaround. However, what business turnaround actually entails for your business will very much depend on the particular circumstances of the company requiring company rescue, why it requires turnaround, and what lead to the financial problems in the first place.
- 1. Company restructuring definition
- 2. How does restructuring benefit a company?
- 3. How do I turnaround a failing business?
- 4. What is a turnaround strategy in business?
- 5. What does turnaround mean in business?
- 6. What are the types of retrenchment strategy?
- 7. What are the key characteristics of a successful turnaround plan?
- 8. Turnaround strategies for businesses in crisis?
- 9. Business turnaround strategy steps
- 10. Business restructuring
- 11. Company restructuring
- 12. Business turnaround