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Director & SME services

Director & SME services, London solicitors

Experienced solicitors in respect of directors and SMEs
If you find yourself facing or potentially facing an insolvency situation, it can feel like a very dark time. In these circumstances it is important to get advice help as quickly as possible. There are important legal and regulatory requirements considerations as a director if your business is in financial distress. But it may also be possible to protect you or your assets and there may be other options available to you in the shape of restructuring or business rescue. Above all else however, it isreally important to take independent advice at the earliest opportunity to try to ensure the best possible outcome.

Company rescue

Business rescue services are aimed at restructuring an organisation with a view to returning it to solvency /avoiding insolvency or bankruptcy. There are various schemes, restructuring plans and proceedingsthat may be available which include the temporary supervision of the company, and the management of its affairs, business and property by a business rescue practitioner, a temporary stay on the rights of claimants against the company and the development and implementationof a business rescue plan to rescue the company. This may include restructuring its business, property, debt, affairs, or other liabilities and/or the instigation of administration or company voluntary arrangement procedures.

Director disqualification

It’s vital that as a director you understand your legal responsibilities. Director disqualification is a ban from serving as a director for any UK registered company, or an overseas one with UK connections. This includes the creation of, or running of, any firm. Director Disqualification proceedings are brought against directors although it is not necessarily just the directors registered at Companies House who may be the subject of an investigation or court proceedings.
Furthermore, breaking the terms of a company director disqualification can lead to a fine or prison sentence of up to two years.

Our director and SME services team

Our team has considerable experience in a number of areas, including dealing with banks and lenders as well as directors,owner managed businesses and large corporates. We can also advise shareholders and other creditors of a financially distressed business and we have experience of both pursing director breach of duty, misfeasance, transaction at undervalue, preference, wrongful trading and director disqualification claimsand defending them.

Sectors in which we have experience and expertise

We have experience across multiple sectors including:

  • Financial services
  • Professional services
  • Leisure
  • Retail
  • Property
  • Care Industry

Speak with a London based solicitor about a director or company rescue

If you need advice or assistance in respect of a director issue, or a business rescue contact us today. Our team is ready to help.

Or visit our insolvency and restructuring page to learn more about our services.

Solicitors in

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Andrew Robins

Partner
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Jonathan Woodroffe

Consultant Solicitor