Restructuring

Our commercially minded team will work with your management team and your stakeholders to identify the best possible outcome and make it a reality. We will help you find efficiencies, improve business performance and preserve value.  

Our team has developed a strong understanding of business through time spent working in various industries and in other jurisdictions. They have the skills and experience that will make a real difference to your business. 

Our team will always try and avoid a formal insolvency process, wherever possible, however the early and timely involvement of experienced professionals is key in rescuing a business and creating a successful restructuring strategy. 

With 4 qualified Insolvency Practitioners, our experienced team is one of the most highly regarded in the profession with a strong reputation for business restructuring and individual advice. In recent years, we have worked on some of the highest profiles cases in Northern Ireland. 

BDO is also represented on every lender panel throughout the UK and worked with all the local banks, which means you benefit from our ability to assist your engagement with key stakeholders. 


Restructuring Services 

Pre - Insolvency Advice and Option Appraisal 

The early involvement of our vastly experienced team to provide expert commercial advice to businesses and their investors, creditors and, if need be, courts, aims to protect and maximise value for all. 

We will act quickly and collaboratively to help you achieve the right outcome whether from a turnaround or a formal insolvency process, if that is the best option. 

We regularly carry out Independent Business Reviews, cash/liquidity reviews, solvency reviews and monitoring and contingency planning for clients to ensure that the any necessary process or turnaround is conducted in an effective, controlled manner to achieve the optimum outcome in the specific circumstances  

 

Formal Insolvency 

We are regularly appointed to act in all forms of formal insolvency processes. Our appointors range from the Company directors, secured lenders, shareholders and other creditors specific to each case.  

 

Corporate Insolvency

We work together with our clients to explore all of the strategic options available to the business and its funders, in order to formulate a recovery plan to rescue the underperforming business and lay the foundations for future success.

Our primary service offerings in this area include:

  • Administration
  • Company Voluntary Arrangements (CVA)
  • Creditors’ Voluntary Liquidations (CVL)
  • Compulsory Liquidation
  • Administrative Receivership
  • Fixed Charge Receivership
  • Pre-pack sales
  • Advice on Directors’ Responsibilities
  • Representation at Creditors’ Meetings Nationwide

 

Personal Insolvency

We support individuals and debtors who have fallen into financial hardship and are at risk of personal insolvency. We are known for our sensitive and commercial approach to reach suitable financial settlements for all stakeholders. We maximise recoveries for creditors utilising our expertise, statutory powers of investigation and overturning asset protection schemes in formal bankruptcy appointments.

Our services include but are not limited to:

  • Bankruptcy
  • Informal Arrangements
  • Individual Voluntary Arrangement (IVA)
  • Advice on Credit Control and Debt Collection
  • Private client debt advisory

 

Corporate Simplification

We understand the challenges faced by businesses resulting from structures that are no longer fit for purpose.  

Maintaining entities, whether dormant or active and undertaking duplicated activities, is expensive and incurs wasted management time.  This is a particular challenge with the growing burden of regulation and the need to continually manage legislative changes . 

A corporate simplification project can reduce costs and free-up capital by eliminating dividend blocks and mitigate risk, thereby reducing corporate governance concerns and negative publicity.  It can also help firms manage changes in regulation and ensure its corporate structure is fit for purpose for tax and transfer pricing purposes. 

When undertaking a transaction, corporate simplification can also help simplify sell side due diligence and maximise value in a divestment. Post-acquisition, the elimination of redundant holding companies, dormant entities and duplicated activities can help maximise the value of an acquisition. 

Our team assists in helping you address issues of complexity, whether by eliminating dormant companies that are no longer required or undertaking a strategic redesign of the group structure encompassing active and holding companies.  We can provide project management advice and support as well as technical advice to ensure your project is efficient, successful and has sustainable benefits.     

 

Creditor Services 

Our team assists and supports a range of clients, lenders and other stakeholders in assessing the debt recovery options available, maximising the recovery of their debts both before and during formal insolvency proceedings, whether trade debt, non-performing corporate and personal loans or other exposures. 

 

Our services include: 

  • Advising our clients on insolvency related matters, including providing technical advice and support where appropriate 

  • Reviewing documentation produced by other Insolvency Practitioners relating to decision procedures and meetings,  

  • Lodging our clients’ claims and voting forms in formal insolvencies, 

  • Representing our clients at creditors’ meetings, and on Creditors’ Committees, and advocating in their best interests