Throughout the downturn CVAs and pre-pack administrations were a common sight. Whilst the economy is brighter, our team continues to assist with restructurings and the fall-out from insolvencies, including distress sales.
Whether acting for successor companies, intent on preserving the goodwill on the part of landlords, or restructuring businesses, we have helped a number of companies to a position of good health. This has frequently involved negotiations with landlords on straightforward rental concessions, deferred payments or a move to monthly payments to ease cash flow.
Equally we have acted for a number of administrators in the disposal of assets – for example we were involved in disposals of the Farlane and R&L estates – so are well versed in driving sales through and protecting the administrator’s position.