Our Corporate Insolvency Services
When it comes to dealing with corporate insolvency, there is no catch-all solution. Potential options will depend on a company’s circumstances. Thursfields offers proactive and commercially astute advice including:
- Formal payment arrangements
- Corporate Restructuring
- Company Voluntary Arrangements
Want to Know More About Our Restructuring & Insolvency Services?
Corporate Restructuring & Insolvency Advice
When you’re facing corporate insolvency, it’s important to know all the facts. When a business is in financial difficulty you need to work with a legal team who are experienced in multiple disciplines.
The corporate restructuring and insolvency solicitors at Thursfields bring together expertise in a range of legal areas.
From liquidation and administration to the disqualification of directors and restructuring advice, we cover all aspects of corporate insolvency. No matter the scale or complexity, we can assist.
Business Insolvency Team
Our corporate restructuring and insolvency solicitors act for businesses of all shapes and sizes nationwide. For practical and commercial-minded advice you can trust, you’ve come to the right place.
An experienced corporate lawyer, Philip has a background providing advice on matters including mergers & acquisitions, company restructuring, cross border joint ventures, investment arrangements, commercial contracts, terms & conditions and shareholder agreements.
Proactive and practical, Philip’s work has a strong international focus — thanks to his roles within multinational organisations. He has been appointed Notary Public and is also an accredited CEDR Mediator.
GET IN TOUCH
Looking for impactful and reliable company insolvency advice? Contact our team today and we’ll assist you through the entire process.
How Thursfields Helps with
Dealing with financial trouble is undoubtedly a stressful time. Business owners need to be proactive and practical when things are going well, and when things are not you will need wise counsel in order to make informed decisions about the future of your company. That’s exactly what Thursfields provides.
Experienced in all areas of corporate insolvency, we can offer guidance at every stage — from advising you on the potential impact of corporate insolvency law and your responsibilities as directors, to appointing administrators and liquidators — we are with you every step of the way.
As a full service law firm that is centred around our clients, we will always work to deliver the best possible results for your business. Our team will gain a thorough understanding of your company and its circumstances, and recommend commercially-focused, tailor-made solutions that you can rely on.
Practical Business Insolvency Advice for a Range of Sectors
Because we’re a full service law firm, Thursfields is able to provide proactive corporate insolvency advice across multiple industries nationwide. No matter your circumstances, we’re here to help.
Frequently Asked Questions
Corporate insolvency refers to a business that does not have sufficient assets to cover its liabilities, usually resulting in the company being unable to satisfy debts as they fall due. While this will undoubtedly be a stressful time, experiencing financial distress does not automatically lead to liquidation. Taking swift action offers the best possible chance of turning around your fortunes.
A company is deemed to be insolvent if its available assets are outweighed by its liabilities. There are a few methods to determine the solvency of a business, such as the balance sheet test and the cash flow test. It’s important to have a clear understanding of your company’s financial position, as trading while insolvent can lead to the risk of fines and other penalties.
If you determine that your business is insolvent, you must cease trading immediately and cancel all contracts, both present and future. You should seek specialist advice from a corporate insolvency solicitor, who will guide you through your obligations and find the best possible solution for your circumstances.
Yes, it is entirely possible for a company to recover from insolvency. However, it is important to take decisive action as soon as you realise your business is experiencing financial difficulty. This is because the sooner you look into the problem, the more options you will have. If left for too long, your only remaining solution may be liquidation.
The most common method of closing an insolvent company is via liquidation. This can either be done voluntarily by the business owners, or forcibly by its creditors. Our team of corporate restructuring and insolvency solicitors can guide you through the entire process whichever method is chosen, and offer reliable support throughout.
If you’re looking for straightforward and effective advice, get in touch with our team of corporate restructuring and insolvency solicitors and let us help you through this difficult time.