We provide the clarity. You make the decisions.
We provide clarity. You make the decisions.
Running a business is hard, decisions have to constantly be made and usually with little foresight. It helps to bounce difficulties with people who are not necessarily in the business and can be objective. That’s where we come in, we will work alongside you so that we can be your trusted advisors and ensure that we provide you with no-nonsense, practical, and commercial advice at every stage.
Corporate restructuring advisory services focus on turnaround and the performance improvements of a company that is or is anticipating financial distress. It could also be necessary to simply do a clean-up as the corporate structure is not optimal. Depending on the company’s needs, we can assist in a multitude of ways, including, but not be limited to:
- Providing strategic advice on a company’s corporate re-structure, possibly by way of a de-merger;
- Advise on how to implement a turnaround strategy that will be effective;
- Advising on redundancies and other cost-saving options;
- Strategising the various insolvency options available to distressed companies; and
- Assisting with the recovery of assets
Knowing the right time to act can be a pivotal factor in ensuring a successful outcome for your business, especially in times of crisis. You will require diligent, commercial and no-nonsense advice. We will challenge you in the right way and ensure you have all the advice and clarity you need to make the most important decisions for your business.
We understand that financial hardship can be stressful, our goal is to ensure that all avenues are well thought through and are provided to you in a timely and cost-effective manner to ensure your journey to business recovery is as stress-free as possible.
We have many years of experience in the insolvency and restructuring sphere and can provide tailored advice in various complex areas. Contact us today to see how we can be of help to you and your business.
What is a business restructuring lawyer and why is it essential?
A business restructuring lawyer specialises in advising and representing clients in matters related to corporate restructuring and insolvency. They work closely with businesses of all sizes to develop and implement restructuring plans that align with legal requirements and financial goals.
Why hire a business restructuring lawyer?
Hiring a business restructuring lawyer provides you with access to legal expertise and innovative solutions tailored to your unique situation. KaurMaxwell’s restructuring lawyers have a wealth of experience from negotiating with creditors, to drafting legal documents. Our skilled solicitors will guide you through the complex corporate restructuring process, ensuring compliance with the law and protecting your interests at all times.
Services offered by our Corporate Restructuring Solicitors
Advising on legal options for restructuring
Our business restructuring lawyers advise on the best legal strategies for restructuring, including company reorganisation, refinancing, and working with financial institutions. Our depth of experience enables us to provide you with expert guidance tailored to your specific needs.
Negotiating with creditors and other stakeholders
Our solicitors deploy effective negotiation with creditors, lenders, and other stakeholders, which is crucial in restructuring. Our wealth of experience over many years working with various parties, ensures that agreements are reached that satisfy all involved.
Drafting and filing documents related to restructuring
From drafting shareholder agreements to filing formal insolvency proceedings, we handle all legal documents, ensuring accuracy and compliance with relevant laws.
Representing clients in insolvency court proceedings
In cases where legal disputes arise, we represent our clients in court, providing robust legal representation to achieve the best possible outcome. We also will advise you on the correct course of action, where you may want to create a moratorium (grace period) to allow you time to make the right decision for your business as a whole.
Case Study: Reviving a Knightsbridge Bar & Restaurant: A KaurMaxwell Success Story
KaurMaxwell, a renowned restructuring law firm, recently undertook a transformative project in collaboration with a prominent Knightsbridge bar and restaurant. Initially, the establishment faced numerous challenges, and the owners were somewhat guarded about the underlying issues affecting their business. They cited factors such as rent, rates, and prior administration instances as their primary concerns. Additionally, issues related to employee claims, staff costs, and supply expenses had surfaced. KaurMaxwell took the reins, employing a data-driven approach to unveil the root causes of these challenges, ultimately breathing new life into the venue.
The owners were grappling with a multitude of issues, making it difficult to pinpoint the exact reasons behind their struggles. With a history of previous administrations, the stakes were high. Concerns ranged from employee claims and staff expenses to the cost of supplies, which made it challenging to discern where the real problems lay.
KaurMaxwell's strategy began with granting Mandeep, one of their skilled experts, access to the venue's critical data. This access would prove to be instrumental in understanding the intricacies of the business. Quickly, Mandeep made a crucial discovery—most of the establishment's revenue was generated during the evenings. Armed with this insight, KaurMaxwell implemented a series of strategic moves to turn the tide in favour of the bar and restaurant.
1. Restructuring for Success:
The first pivotal step involved segregating the lease and the operational aspects into separate entities. This strategic manoeuvre not only streamlined operations but also provided greater financial clarity.
2. Negotiating Lease Terms:
KaurMaxwell's adept negotiators stepped in to secure a lower rent, alleviating a significant financial burden on the establishment. This cost reduction played a crucial role in improving profitability.
3. Extending Trading Hours and Liquor License:
By successfully obtaining a late license, KaurMaxwell extended the trading hours and liquor license, thus enhancing revenue opportunities for the bar and restaurant.
The key to the successful transformation of this Knightsbridge establishment was trust—trust in KaurMaxwell's expertise and the willingness to grant Mandeep access to the inner workings of the business. This trust allowed KaurMaxwell to delve deep into the operational complexities and, through data-driven insights, uncover the true causes of the struggles. By reorganising the business, reducing expenses, and expanding revenue opportunities, KaurMaxwell breathed new life into the bar and restaurant, ultimately making it a profitable venture once again.
KaurMaxwell's collaboration with the Knightsbridge bar and restaurant exemplifies the power of expertise, trust, and data-driven strategies in turning a struggling business into a thriving one. Through careful analysis and strategic restructuring, KaurMaxwell successfully addressed the challenges faced by the establishment, paving the way for renewed profitability and sustained growth. Trusting in the guidance of experts like KaurMaxwell can indeed be the catalyst for transformative success in the world of business.
Why choose KaurMaxwell for business restructuring?
- Proven Track Record: Team members like Mandeep Kaur Virdee, have successfully negotiated and managed complex restructuring cases. The restructuring team’s strategic thinking and ability to achieve desired results demonstrate a proven track record of success. Gavin Nathanson and Hiten Patel have also successfully conducted several de-mergers recently.
- Client-Centric Approach: We believe in putting our clients' needs first. Our team takes the time to understand your unique situation, providing tailored solutions that align with your goals. We're here to support you every step of the way.
- Multilingual Support: Our team is fluent in multiple languages (Spanish, Punjabi, Hindi, Tagalog, Gujarati, French, Twi, Kurdish and English).
- Accessibility: Based in London, we are easily accessible to clients across the UK. We're here to assist you, whether in person, over the phone, or through video calls.
Frequently Asked Questions
What happens when a business restructures?
When a business restructures, it undergoes a process of reorganisation to improve its financial health. This may include refinancing, de-mergers, or changes in group structure.
How can a business restructuring lawyer assist with cross-border insolvency?
A business restructuring lawyer with expertise in cross-border insolvency can navigate the complex legal landscape that involves multiple jurisdictions. Our business restructuring lawyers at KaurMaxwell understand the various insolvency laws, regulations, and procedures and can coordinate with foreign legal teams. This ensures that the restructuring process complies with all relevant laws and regulations, minimising legal risks and potential conflicts.
What are the key considerations in choosing a restructuring solicitor?
When choosing a restructuring solicitor, consider their experience in corporate restructuring and insolvency, their track record of success, and their understanding of your specific industry and business needs. Look for testimonials from previous clients and ensure that they have the necessary qualifications and accreditations. Communication skills, responsiveness, and a clear fee structure are also essential factors to consider.
How does KaurMaxwell approach complex corporate restructuring?
KaurMaxwell approaches complex corporate restructuring with a client-focused strategy. They work closely with businesses to understand their unique challenges and goals. Their team of highly experienced restructuring solicitors provide innovative solutions, pragmatic legal advice, and robust representation in negotiations and legal proceedings. KaurMaxwell's comprehensive approach ensures that the restructuring process is tailored to the client's needs, compliant with legal requirements, and aimed at achieving the best possible outcome.
What is a Moratorium and how do I secure one?
In today's challenging economic landscape, understanding financial relief options is crucial. One such lifeline available to businesses is a "moratorium." In this case study, we will demystify the concept of a moratorium and how we can help you get one.
What is a Moratorium?
A moratorium is a legal provision that temporarily suspends certain financial obligations, providing much-needed breathing space to individuals or entities facing financial distress. It is designed to offer relief by freezing specific financial responsibilities, such as loan repayments, interest, or penalties, for a defined period. This relief mechanism can be a game-changer when navigating challenging financial circumstances.
How to Secure a Moratorium?
There are various possibilities, from contacting the creditors or lenders directly or by way of an insolvency process which could automatically create a moratorium. We would advise you on the most effective way to achieve some breathing space to assess what the bigger solution may be.
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