Business Planning in Turbulent Times

Business Planning in Turbulent Times

As the current recession continues to bite, pre-packaged sales in administration are on the increase with The Insolvency Service forecasting as many as 100 pre-pack administrations every month.  Yet they have received a mixed press recently - criticised by some on an ethical basis with accusations of rendering creditors powerless, whilst at the same time being hailed as the saviour of job retention in the current failing economy. 

What is very clear from the increasing number of enquiries we are receiving from clients considering management buy-outs to funders looking to snap up under-valued assets, is that there are real opportunities in the marketplace at the present time.

Davenport Lyons is ideally placed to advise and guide clients through these turbulent times. From across our departments we have lawyers who will work with you to take advantage of these new opportunities.

The Business Planning team can advise you on the areas of your business which are directly or indirectly affected by the current downturn.

Acquisitions and Restructuring

We can advise on restructuring existing finance arrangements, including advising on:

  • Pre-pack acquisitions, acting for both the administrators and the purchaser
  • Syndication
  • Re-financing and re-scheduling arrangements


Asset Recovery

We regularly advise on:

  • Fraud and asset recovery
  • Enforcement of security
  • Reporting on security including income streams
  • Insolvency and bankruptcy proceedings
  • Debt collection


Property

We act for a range of property-owning clients and advise them on how to protect their assets and maximise their rental income.  Our property dispute resolution team are involved in:

  • Business tenancy renewals
  • Resolving landlord and tenant issues
  • Dilapidation claims
  • Debt recovery and possession claims


People

In the current market conditions, a company’s survival may require rationalisation and cutbacks – often of its work force.  Our employment department can advise on:

  • Directors’ issues when companies are in financial difficulty
  • Redundancy procedures
  • Compromise agreements and termination packages
  • Employee transfers and potential liabilities
  • Rights Protection


We have an excellent reputation for our rights protection work.  In difficult times, the ability for our clients to preserve value in their rights is vital.  We regularly advise on:

  • Exploiting rights and maximising income streams
  • Effectively ring-fencing rights

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