What is corporate restructuring?
From time to time businesses (be they companies, groups of companies or sole traders) will review their finances and structures (including management structure) and decide that it is appropriate to make some changes. Very often these changes will be necessitated by new investment, by lenders or shareholders, or if the entrepreneur who started the business is looking to exit. There may also be a tax reason to restructure, especially in a group context. Business and corporate restructuring could also be appropriate if it is time to refinance the business’ debt.
Sometimes businesses change their financing or ownership structure because of external pressures, or simply because they have become very successful and have outgrown their current structure. The primary example would be an individual who started a cottage industry in her garage or spare room but, having become successful needs to think about incorporating that business into a limited company and moving to formal business premises.
How can a commercial solicitor assist me with my business restructuring?
Our corporate commercial and real estate solicitors are well experienced in matters of finance, refinancing, incorporation of limited companies and limited liability partnerships, business transfers and dealing with shares in companies. We have the strength and depth to create the right team to manage all aspects of your proposed business restructuring and make sure that everything goes smoothly and on time. For more information and to discuss your strategy ideas why not pick up the phone or meet us for a coffee with no obligation.
Corporate turnaround advice
Often we encounter businesses that need to restructure or rearrange their business practices or their finances because an issue has been identified that threaten the business. In these circumstances we are not dealing with an immediate threat of insolvency but are advising our clients on how best to turn the fortunes of that business around to avoid the worst case scenario. Turnaround is sometimes referred to as business rescue and this may be appropriate if the potential outcome of doing nothing is the failure of the business.
At Bray & Bray we can assemble a team of professional advisors who will assist you in analysing the business’ current finances, cash flow, strengths, weaknesses, opportunities and threats to put together a strategy for turning the business around. We have access to individuals who can join a business on a part time consultancy basis to become embedded with the management team and assist the management team in executing a business rescue plan. Turnaround management really is a team effort and we are best placed to advise you on assembling and managing that team.
Questions about company turnaround and business restructuring
If you would like to explore your options in relation to business restructuring or turnaround, or if you have concerns about a business with which you have dealings either as a customer or supplier or lender then please get in touch.
Bray and Bray has three main offices in Leicestershire, contact us to discuss an enquiry or a case you have or feel free to pop in and see us at your local office by clicking on the links below:
Leicester call us on 0116 254 8871.
Hinckley call us on 01455 639 900.
Market Harborough call us on 01858 467 181.