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Reconstructions and Reorganisations
Formal insolvency options, such as liquidation, receivership or administration are not always the right choice for distressed companies.
Instead, it may be more sensible to divide businesses or assets into one or more companies or groups to be owned directly by individual shareholders. Sometimes this is called a reconstruction, a reorganisation or a demerger.
At Harvey Ingram, our specialist team of lawyers have used reconstructions, reorganisations and demergers to solve problems that businesses face if they are in trouble.
One member of our team has personally been involved in over 50 restructurings during the last 10 years, so we can add real value to you and your business through our depth of knowledge experience.
The reasons for a demerger or reconstruction might be to:
- Increase value
- Partition or split groups of shareholders
- Separate assets out to allow the sale of part of a business
- Allow independent development and management of different businesses.
If you need advice, we will meet with you on a no-obligation basis to discuss which, if any, of the different options would be appropriate for you and your business, allowing you to focus on what you really want to achieve.
The choice of options depends on:
- The amount of profit that you have in the business
- The reasons why you are carrying out the reconstruction or reorganisation
- The value of the different parts of your business
- Likelihood of shareholder and creditor approval
- The tax position of the company and the shareholders.
- Whether the company is public or private.
- Funding and security arrangements
- Whether you have any 'final salary pension' arrangements
- Your long term ambitions for you and your family
Contact Us - Reconstructions & Reorganisations
For a no-obligation discussion about your situation and to find out how we can help, please contact our team of corporate recovery & insolvency solicitors.