Companies operating in today's difficult economic times are struggling with increased regulation, lack of access to funding/capital, insolvency matters and debt recovery.
Our Special Situations Team helps clients to implement strategies to preserve and expand their business operations in a challenging business environment.
Corporate Finance Services: How can we help?
We can help with sector specific financing issues including deal terms, valuation trends, intellectual property and technological concerns, regulatory hurdles and industry challenges—and can guide our clients in constructing innovative financing solutions.
Balance sheet restructuring
- Recapitalisations: Advising companies that are looking to address challenging capital structure situations which may require raising new capital and/or a renegotiation of existing secured debts.
- Debt for Equity Swaps: Our special situations team has significant expertise in structuring debt for equity swaps transactions, designed to alleviate a company's debt burden.
- Amendment and Restatement: Assisting companies in negotiating amendments to key facility agreements/loan documents terms to allow a company to execute its business plan/restructure through amendment and restatement agreements.
- Assisting companies in negotiating with their lenders to seek time before enforcement action is taken as a result of any defaults, with the objective of allowing additional time for the company to assess its alternatives and find viable options.
- Rights issues/emergency fund raising: rights issues can be a valuable source of liquidity in distressed transactions.
Other services include:
- share sales of solvent (but financially stressed and distressed) businesses
- dealing with the investment requirements of incoming investors
- seeking Turnaround Finance and working with distressed funds/accelerated mergers and acquisitions advisors to achieve a business sale of stressed and distressed businesses
- Supporting buyers in context of pre-packaged administration sale
Litigation Services: How can we help?
We can proactively assist both corporate and individual clients facing an insolvency situation. Our understanding helps us take a practical and commercial approach to protecting the interests of our clients.
The nature of insolvency means that director duties, personal liability and director disqualification issues are key areas we advise on, as well as issues relating to insolvency litigation, including:
- Trustee in bankruptcy recovery of preferences and transactions at an undervalue (and the defence of such claims on behalf of individuals and corporate);
- Inter-creditor disputes;
- Book debt recovery service for Insolvency Practitioners; and
- Applications to court for the appointment of administrators.
Debt Recovery
We offer a full service debt recovery function utilizing our on-line Liberate system to allow you to monitor and effective track the progress of your cases. We are also happy to provide you with a free of charge credit report from Begbies Traynor Red Flag Alert into any of your customer base that you may be concerned about. Request a FREE Credit report here.
Litigation Funding
We have extensive links to market leading litigation funding who are seeking to bring innovative new products to the market place.
Construction Services: How can we help?
The Construction Industry in the North East has suffered immeasurably as a result of the recession, the down turn in the housing market and similar restrictions on public sector project spending. It is therefore vitally important to have access to professional support to unlock the value that exists in a company's construction debt ledger.
Our Construction and Engineering Team is headed by Rob Langley who is a national construction law expert.
We advise on all aspects of the recovery mechanism including adjudication, arbitration and proceedings in the Technology and Construction Court.
We have formulated a working partnership with G R Bland, a charted quantity surveyor to assist in a book debt recovery mechanism for Insolvency Practitioners in relation to construction cases. We will act on a contingency basis in relation to such matters and in appropriate cases will commence adjudication proceedings to prompt recovery.
We also advise on all aspects of insolvency issues in the supply chain. We can look at issues regarding retention of title, contractual termination provisions and safeguarding your rights against an Employer who is not paying you in accordance with the contract.