Restructuring and recovery services

Getting the right professional advice as soon as you start experiencing financial difficulties greatly increases your chances of regaining control and avoiding a formal insolvency procedure.

Smith & Williamson’s restructuring and insolvency practitioners combine in-depth expertise and broad experience to provide advice and assistance to all types of businesses and organisations encountering financial difficulties.

Our clients include the boards of companies, shareholders/ owners, lenders, borrowers, customers, employees and other individual creditors.

Our team assists clients with clear and highly-effective advice, including business advisory services, negotiations relating to the restructuring of a business, debt restructuring or, as a last resort, a formal insolvency. In many cases we act as a bridge between key stakeholders to enable viable practical solutions to be found.

Smith & Williamson’s advisory, restructuring and insolvency team consists of 17 highly-skilled qualified accountants and insolvency practitioners. Over time, we have developed a series of high-quality solutions from an advisory and insolvency perspective. By drawing on our expertise, we are able to tailor these solutions to many industries.

Our goal is to maximise the possibilities for ongoing business operations, both in part or as a whole. In what can be testing times for any business, trust and dependability are key requirements in a client relationship to help achieve the best possible outcomes. Our long-term involvement in a number of cases has helped us build these relationships with key stakeholders.

Our team has been involved in a number of high-profile restructuring and formal insolvency cases in the UK, both as a representative of the company or its owners, and on behalf of significant creditors, banks or contracting partners.

We are committed to maintaining a team able to achieve pragmatic and innovative outcomes for our clients. Our pursuit of excellence and the best outcomes possible has consolidated our position at the forefront of our specialist areas.

Our appointments

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Guinness Mahon Trust Corporation Limited (in administration)

Adam Stephens and Nick Myers of Smith & Williamson LLP were appointed Joint Administrators of Guinness Mahon Trust Corporation Limited (“GMTC” or the “Company”) on 17 February 2020.

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Reyker Securities Plc (in Special Administration)

Mark Ford, Adam Stephens and Henry Shinners of Smith & Williamson LLP (“S&W”) were appointed Joint Special Administrators (“the JSAs”) of Reyker Securities Plc (in Special Administration) (“Reyker”) on 8 October 2019.

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Corporate Insolvency

London Capital & Finance Plc (in administration)

Finbarr O’Connell, Adam Stephens, Colin Hardman and Henry Shinners all of Smith & Williamson LLP were appointed Joint Administrators of London Capital & Finance Plc on 30 January 2019.

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Business Meeting 712666468

Greyfriars Asset Management LLP (in Administration)

Adam Stephens and Henry Shinners of Smith & Williamson LLP were appointed Joint Administrators of Greyfriars Asset Management LLP– in Administration on 23 October 2018.

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Corporate Finance

Cash on Go Ltd - (in Administration)

Adam Henry Stephens, Henry Anthony Shinners and Gilbert Lemon of Smith & Williamson LLP were appointed Joint Administrators of Cash on Go Ltd (“the Company”) – in Administration on 5 March 2020.

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Bishops Move (in administration)

Emma Thompson, Adam Stephens and Finbarr O’Connell, all of Smith & Williamson LLP, were appointed Joint Administrators (the “Administrators”) of the following companies on 17th August 2020: 

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Related insights

Charity donates £500,000 to older people’s care home following Smith & Williamson appointment

Charity donates £500,000 to older people’s care home following Smith & Williamson appointment

A residential care home in Greater Manchester has received a charitable donation of £500,000 following work by insolvency specialists Smith & Williamson.

Supporting your business growth aspirations through insolvent acquisitions

Supporting your business growth aspirations through insolvent acquisitions

Buying a business out of an insolvency process can be a great way to create opportunities for other organisations to expand while saving jobs at the same time.

Getting match fit and battle ready for 2021

Getting match fit and battle ready for 2021

22/01/2021 - It has been great to see many businesses adapt and thrive throughout the pandemic, while for those facing ongoing uncertainty and challenges, the roll-out of the Covid vaccines now provides some welcome light at the end of the tunnel.

The debt problem

The debt problem

27/11/2020 - Until March 2020, the UK economy was strong and low interest rates meant that inexpensive finance was readily available, so businesses geared up to enjoy growth and success. We now see a sudden reversal of fortunes, with Brexit and COVID-19 uncertainty continuing to test resilience and ability to repay.

Greg Palfrey becomes a Committee Chairman at ICAEW

Greg Palfrey becomes a Committee Chairman at ICAEW

Greg Palfrey National Head of Restructuring Recovery Services at Smith & Williamson has been appointed Chairman of the ICAEW Restructuring Insolvency & Advisory Group.

Smith & Williamson team announces High Noon Stores Ltd dividend payout

Smith & Williamson team announces High Noon Stores Ltd dividend payout

Smith & Williamson confirm dividend pay out of £394,517 to unsecured creditors of High Noon Stores Limited

Smith & Williamson administrators sell Savsé smoothie drinks business

Smith & Williamson administrators sell Savsé smoothie drinks business

The joint administrators of Veg & City Drinks Limited, which produces naturally healthy smoothies under the brand name Savsé, have sold the business to Life Health Foods UK Limited.

Double success for S&W’s Restructuring and Recovery team

Double success for S&W’s Restructuring and Recovery team

Smith & Williamson’s Restructuring and Recovery Services team celebrated a double success at the annual Turnaround, Restructuring & Insolvency (TRI) Awards 2019 on Wednesday 13 November.

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Tim Sloggett gives tips for businesses on how to plan for the downside.

By necessity, this webinar can only provide a short overview and it is essential to seek professional advice before applying the contents of this webinar. This webinar does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this webinar. Recorded on 10 November 2020.

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Meeting your needs

Focused

Our goal is to provide clear, pragmatic advice to maximise the possibilities for ongoing business operations – regardless of the approach used to resolve a distressed situation. This often involves acting as a bridge between key stakeholders to find the best solution.

Experience

Our specialist team of restructuring and insolvency professionals has vast experience advising organisations across a range of industries encountering financial difficulties. Our clients include company boards, owners and shareholders, lenders, borrowers, customers, employees and other individual creditors.

Supportive

Trust in your advisers is never more important than in testing times. We will work closely with you to understand your situation, look at things from your point of view, help shoulder the burden of difficult decisions, deal with creditors on your behalf and make sure you understand all your options. We can help pull together all the relevant information quickly to enable you to make critical decisions.

Knowledgeable

You’ll have direct access to senior advisers with specialist expertise in your industry sector. We’ve developed a series of high-quality solutions tailored to different sectors and you can benefit from our trusted relationships with key industry contacts and funders where necessary.

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Our credentials

 

Leading

A top ten UK accountancy firm, as ranked by Accountancy Age. (Source: Accountancy Age, 2018)

Skilled

A substantial team of highly skilled, qualified accountants and insolvency practitioners.

Experienced

Involved in numerous high-profile restructuring and formal insolvency cases over many years.

Respected

The majority of our work comes from referrals through our established relationships with intermediaries and former clients.



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Greg Palfrey

Greg Palfrey

National Head of Restructuring and Recovery - Partner

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Greg Palfrey

National Head of Restructuring and Recovery - Partner

Restructuring and recovery services
Southampton

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