In the current economic climate companies nationwide are finding trading conditions difficult. This is true of companies in the Glasgow area too. We have experience of assisting small and medium companies with the turnaround and recovery of their business and, when necessary, insolvency.
There are a number of recovery and insolvency services that our turnaround and recovery team can recommend for businesses in Glasgow facing financial difficulties.
Restructuring
Not every company in difficulty needs to enter a formal insolvency process. We can help you avoid this through drawing on our expertise in private equity, management buy-outs, preparation of the business model, financial modelling and business valuation.
Formal corporate insolvency process
Our priority is to advise you on how best to handle the financial difficulties facing your company and to achieve the best outcome for your company’s creditors.
We will advise you on the various options available, including administration, liquidation and Company Voluntary Arrangement (‘CVA’), and explore the most suitable option for your particular circumstance.
Our experienced staff work alongside specialist lawyers and valuation agents in the Glasgow area to ensure business assets are maximised in distressed circumstances.
Members voluntary liquidations
If your company is solvent but you wish to cease trading and distribute assets to shareholders then you may consider voluntary liquidation. This process can offer protection and an orderly wind down.
We also have extensive experience in dealing with group simplification, assisting organisations in dissolving dormant companies making their group structure more transparent and reducing operating costs.
The next step
If you think your business may be at risk of insolvency please contact one of our turnaround and recovery specialists.
Andrew Andronikou and Peter Kubik were appointed as Joint Administrators to Convers Sport Initiative plc (CSI).
HMRC was responsible for 58% of all the petitions submitted over the last year to wind-up companies compared to just 43% in the previous year, reveals research by UHY Hacker Young. 
Our Joint Administrators Andrew Andronikou, Peter Kubik and Michael Kiely have issued their Six Month Report to Creditors, in accordance with R2.47 Insolvency Rules 1986.
In accordance with Paragraph 51 of Schedule B1 of the Insolvency Act 1986, a creditors’ meeting has been convened at Portsmouth City Football Club on 6th May at 11am. The meeting is restricted to creditors and their representatives only.
Our Manchester office has been appointed receivers of Brookside Close, the legendary Liverpool cud-de-sac where the popular Channel 4 soap opera Brookside was filmed until 2003.
Andrew Andronikou and Peter Kubik, Partners at our London office Turnaround and Recovery Department have been appointed administrators of the assets of Butler and Tanner Printers Ltd.
Select Retail, the national women’s fashion retailer, was placed into Administration on Friday 22nd February 2008, against a backdrop of its deteriorating trading performance in the first quarter of 2008. Our Turnaround and Recovery specialists moved quickly to evaluate the business and negotiate the sale of approximately half of the 250 retail units to a management buy-out team. 
