Restructuring & Insolvency
Restructuring & Insolvency is an integral part of Mercer & Hole’s business. Our licensed partners and managers, supported by a dedicated team of experienced professionals, are always available at short notice and consistently deliver an efficient, quality service.
The team has considerable experience and a reputation for dealing expertly with a wide variety of insolvency issues. We specialise in rescuing businesses through operational turnaround and financial restructuring, and through the constructive use of formal insolvency procedures.
The Restructuring & Insolvency team help companies and their stakeholders understand the consequences of financial instability and work with them to implement appropriate remedies.
“Our Restructuring & Insolvency team has extensive knowledge and experience of all types of formal and informal insolvency procedures. Our approach is always professional and pragmatic. Our partner led service ensures we provide positive and constructive advice on the best way forward.” – Steve Smith, Head of Restructuring & Insolvency, Mercer & Hole.
Services we deliver
Our expertise covers the full range of distressed company consulting, restructuring and insolvency matters including:
- Strategic and performance review
- Business performance and liquidity review
- Cash and working capital management review
- Group streamlining – solvent liquidations
- Managed exits
- Reconstruction liquidations – demergers and corporate splits
- Managed turnaround
- Schemes of arrangement
- Solvent liquidations and the distribution of assets to shareholders
- Refinancing working capital
- Acquisition of distressed businesses
- Advice on directors’ responsibilities
- Company voluntary arrangements (CVAs)
- Administrative receiverships
- Individual voluntary arrangements (IVAs)
Mercer & Hole’s experience and expertise has enabled us to turn around many businesses without the need to employ formal insolvency procedures. However, when the only option has been to use a formal insolvency process, such as administration or a voluntary arrangement, we have saved companies and transferred or sold businesses as going concerns, safeguarding jobs and the commercial future of the business.
We have helped many privately owned and family businesses restructure their business and financial affairs. This includes occasions when the business is to be wound down on cessation of trade, split between existing shareholders, or rescued in the face of insolvency.
Employing Mercer & Hole’s exceptional tax expertise, which includes two past presidents of the Chartered Institute of Taxation, we have restructured businesses using section 110 of the Insolvency Act 1986 and are well placed to ensure that restructurings on which we advise are tax-efficient.