Administration

Our insolvency team regularly handles all aspects of company administrations, including ‘pre-pack’ administrations, and advises on a wide range of restructuring and rescue options for companies in difficulties.

Working closely with administrators appointed by the court, floating charge holders, the company or its directors, we strive to find optimum solutions to each situation.

We have built up strong relationships with a number of large accountancy firms and insolvency practitioners, who themselves have both UK and international offices. We receive regular instructions from both top five and middle tier firms of insolvency practitioners, as well as smaller firms, regarding a broad range of companies of different types and sizes.

These close working relationships enable us to provide a comprehensive service at an appropriate level for whatever level of engagement is required. In addition our team carries out a significant amount of international insolvency work and often acts on behalf of foreign insolvency practitioners.

Recent work 

  • Advising Celtech Holdings Ltd on the administration of Goulds (Design & Manufacturing) Ltd.  This involved various issues to do with the administration process, including the question of administrators’ rates of remuneration.
  • Acting generally for administrators in relation to administrations and ongoing sales of companies’ businesses and assets.
  • Advising Light Sources, Inc. in relation to the administration of Masonlite Ltd, a manufacturer of neon lighting.  Light Sources was a creditor of Masonlite; negotiations with the administrator led to the company’s assets being sold to a Hungarian associate company of Light Sources.
  • Acting generally for the administrators of Alphasteel Ltd, a steel manufacturer in South Wales, including the sale of its assets for some £57 million.
  • Acting in a matter involving the Italian administrator of a law firm in Milan whose sole client had been the Parmalat Group.

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