InsightsPersonal Insolvency Bill promises radical reform
Get back on a path to growth
When a company is facing financial problems, whether it concerns cash flow shortfall, falling sales or excessive debt, we deliver restructuring solutions designed to build a platform for swift recovery and sustained success.
How we can help
Our team have helped many struggling companies back on their feet and on a path to growth and prosperity. We have more than 30 experienced professionals based at offices in Dublin, Cork, Limerick and Belfast to see you on your way to recovery.
Our services include:
- Services for directors and business owners
- Services for lenders
- Liquidation services
Services for directors and business owners
We can create and deliver robust turnaround strategies quickly and cost effectively.
By working with management we ensure the recovery plan is a roadmap for achieving sustained improvement in operating and financial performance.
We have strong relationships with all the major banks which is invaluable when we are assisting you to negotiate and agree a recovery plan with your creditors.
We are experts in examinership, Ireland’s main corporate rescue process, and work closely with our corporate finance colleagues if new funding or investment is required.
In this difficult economic environment, sometimes a company cannot be rescued and an insolvency process, such as a creditors voluntary liquidation, is the most appropriate option. If it is, we will set out your options, explain what is involved and help you through the process.
For a free consultation to discuss any of the above issues in confidence, please contact: Warren Baxter: T +353 1 417 2625 or email email@example.com.
Services for lenders
We carry out independent business reviews of borrowers on behalf of lenders to analyse drivers of cash flow and assess the viability of a business.
We assess trade performance, business risks and where improvements can be made so that our reviews provide you with a clear view of the borrowers’ ability to service their debts and the restructuring options available.
The fact that our business reviews are quick, concise and cost-effective has proved very helpful to lenders when deciding what form a restructuring should take, whether it be a refinancing process or asserting security rights.
We can also advise you on the best option to take and help you with the negotiation and implementation of the restructuring process to ensure that it is successfully achieved.
We work extensively with many of the major financial institutions, who find our expertise and experience invaluable in dealing with the challenges facing them. Our advisory roles, on behalf of lenders, include corporates such as Independent News & Media plc and Quinn Group.
For a free consultation to discuss any of the above issues in confidence, please contact: Warren Baxter T: +353 1 417 2625 or email firstname.lastname@example.org and Emmet O’Reilly: T: +353 1 417 3620 or email email@example.com
Where a company is struggling with excessive debt, but has a solid underlying business, examinership should be considered. Examinership gives companies breathing space to find fresh investment and put a proposal to its creditors. It typically involves a significant amount of the company’s debts being written off, enabling it to emerge from the process in a much stronger financial position. During the examinership the company is able to continue trading and the directors remain in control throughout the process. We can advise if this is the best option for a company and act as Examiner to ensure a successful outcome is achieved.
For a free consultation to discuss any of the above issues in confidence, please contact: Warren Baxter T: +353 1 417 2625 or email firstname.lastname@example.org and Brendan Doyle T: +353 1 417 2646 or email email@example.com
If enforcement action is required we can act as Receiver. Prior to taking an appointment as Receiver we will agree a strategy with the charge holder to ensure that once we are appointed we can deliver maximum realisation for our client.
We work closely with specialist lawyers, asset managers and valuation agents, as well as our own in-house tax and corporate finance experts, to ensure that we achieve the best possible outcome for our clients.
We deliver innovative and practical solutions for the charge holder. For instance, sometimes, an arm's length pre-packaged sale of a business or property may be the optimal strategy for the lender.
In such cases, negotiations are carried out immediately prior to our appointment with the key stakeholders. This enables these receiverships to proceed quickly and smoothly so that value is retained and jobs are saved.
Our knowledge of insolvency processes and our experience of trading in a receivership environment enable us to anticipate and mitigate many of the issues that arise on appointment. We have particular expertise in retail, manufacturing, hotels, property, waste management and construction.
For each appointment we prepare a bespoke strategy with a view to ensuring the best return to the charge holder, by a combination of maximising revenues, asset disposals and debt reduction.
We have also taken receivership appointments across a wide range of businesses and property portfolios, from small enterprises and single property holdings up to large multi-jurisdictional corporations.
Some of our more high profile receivership appointments include Hughes & Hughes, Waterford Wedgewood, Newcourt, Setanta Sports Group, Pierse Contracting and the Liam Carroll group of companies.
For a free consultation to discuss any of the above issues in confidence, please contact: David Carson T: +353 1 417 2513 or email firstname.lastname@example.org and Michael Donoghue T: +353 1 417 2933 or email
We have wide experience of the three most frequently used types of liquidation in Ireland: creditors’ voluntary liquidation; members’ voluntary liquidation; and High Court liquidation.
A creditors’ voluntary liquidation is frequently used by insolvent companies that have no reasonable prospect of survival. It stops the company’s creditors’ position from and helps bring closure to an unsustainable position for a company and its directors, with all the attendant anxiety and stress.
Members’ voluntary liquidation is a process used to wind up a solvent company that has ceased trading or is dormant. It offers savings on ongoing audit and accounting costs and in management time previously taken up with the preparation of financial information and tax returns.
Personal insolvency occurs when an individual is unable to pay their debts or meet their liabilities. Our team specialise in dealing with complex insolvencies, often involving litigation and international asset tracing. We have experience in working with key stakeholders to review and restructure their connections with high net worth individual and find resolutions where possible to non-performing loans.
A High Court Liquidation occurs when the court puts an insolvent company into liquidation after hearing a winding up petition. We regularly act as liquidators and have taken appointments across a wide range of businesses, from small enterprises up to large multi-jurisdictional corporations. We can help you with all the necessary steps to put the company into liquidation. We can also act as liquidator and once appointed we will sell the business and assets of the company; distribute the funds realised to the company's creditors; and, if necessary, examine the conduct of the company to establish the reasons as to why it became insolvent.
By combining skills with the forensics and dispute resolution services, we are uniquely place to support our clients
We can offer you a free initial consultation to help you decide if liquidation is best option for your company. Total confidentiality is assured. To arrange this please contact Warren Baxter: T +353 1 417 2625 or email email@example.com.