If a business can’t pay its bills and is facing insolvency, it’s not just the organisation itself at risk. Its supply chain, lenders, customers, and employees also face uncertainty about what happens next.
The sooner you act, the better your chances of a favourable outcome.
And that’s where we come in.
We’re a Legal 500 tier one firm to watch. We act for creditors, debtors, and insolvency practitioners across Scotland.
Our team pools expertise from corporate, litigation, employment law, debt recovery and commercial property specialisms.
We advise on —
Business restructuring and refinancing
Administration — including pre-pack administration
Liquidation — including creditors voluntary liquidation (CVL) and compulsory liquidation
Sequestration — personal insolvency for individuals, including sole traders (known in other jurisdictions as bankruptcy)
Acquisition and sale — of distressed businesses and their assets
Debt recovery
Directors’ duties
For businesses
We support businesses, including companies, LLPs, and partnerships, as well as directors and shareholders, in times of financial distress.
We get to know you, your organisation, and the specific circumstances before offering practical, effective options to help deliver the best possible result.
The first thing we consider is whether the business can continue operating without formal insolvency proceedings.
Support to improve cashflow or reduce costs might involve —
The design and delivery of group structures with corporate refinancing
Debt recovery expertise
The sale of the business or some of its assets, including property
Contract renegotiation
Employment law matters such as TUPE or redundancy
Advising directors on their legal obligations and minimising the risk of personal liability if formal proceedings do happen
If the informal route isn’t appropriate, we’ll guide you through the formal insolvency process. We can also help you access an insolvency practitioner from our trusted network.
And, ultimately, we can assist you in the winding down process, advise on any commercial or employment-related disputes, as well as the sale of business assets.
For creditors
We’ll help you recover as much of what you’re owed as possible.
That means acting quickly to negotiate on your behalf including around debt recovery or restructuring. If it comes to it, we’ll protect your interests by initiating legal proceedings, including lodging petitions and will handle disputes arising during the insolvency process.