HomeSMEs, directors & shareholdersCompany rescueCompany restructuring and turnaround solutions

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? We can help.

Our team of restructuring and insolvency lawyers have many years’ experience 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 are available

Company restructuring can take many forms. We have a wide range of restructuring tools in our armory 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;
  • 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 rescue 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 company 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 under-performing;
  • 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 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 rescue your company.

“The insolvency team at FWJ has helped me on a number of complex and protracted matters over the last few years. FWJ are quick to respond and have given me practical and comprehensive solutions to the situations I have had to deal with. I have always been impressed by the depth of insolvency knowledge and commercial awareness displayed by the team and I would not hesitate to instruct FWJ again.”

Ian Robert, partner at Kingston Smith

Key contacts

Rebecca Robinson

Rebecca Robinson

Senior Associate

Barry McGouran

Barry McGouran

Associate

Tim Francis

Tim Francis

Partner

View full team

FWJ takeaway

FAQ

12 May 2021

3 minute read

Do directors “get on”?

Maria Koureas-Jones

Guide

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Disagreement on business direction

Michael Knights

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Sale of shareholding or business

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12 May 2021

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Covid-19 and business survival

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