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  1. Home
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  3. Restructuring and recovery services
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Business restructuring and recovery services

Expert advice for companies experiencing financial difficulties and insolvency

If your business is facing financial difficulty, the sooner you take action, the more options you’ll have. Getting the right professional advice early on can greatly increase your chances of regaining control and avoiding business insolvency.

Our specialist team of accountants, company restructuring specialists and insolvency practitioners at Evelyn Partners is here to help you.  Our goal is to maximise the possibility of your business continuing to operate, either in part or as a whole or to get the best result possible given the circumstances.

Restructuring and recovery services

  • Business advisory
  • Pensions advisory
  • Corporate insolvency
  • Personal insolvency
  • Contentious insolvency
  • Solvent restructuring
  • Creditor services
  • International restructuring & insolvency
  • Business turnaround and cash management solutions

How we help with company restructuring, recovery and insolvency

We can provide advice and assistance to all types of businesses and organisations encountering financial difficulties. Our clients include company boards, owners and shareholders, lenders, borrowers, customers, employees and other individual creditors and, in many cases, we act as a bridge between key stakeholders to enable viable practical solutions.

Our team provides:

  • Support for businesses that are running out of cash

    If your company has run out of cash or is close to running out of cash, we’ll review your circumstances, produce an options report and provide practical advice on what to do next. Our aim is always business recovery so we’ll try to help you save your business from insolvency.

  • Turnaround restructuring for companies

    We can work with you to review the issues affecting your company before producing an options report focused on restructuring and turnaround, or other options. We’ll determine ways to turn around or transform your business, for example through working capital improvements, engagement with creditors, debt restructuring and resolving business-critical issues. We will then support you in implementing your chosen option.

  • Specialist insolvency advice for businesses

    As a last resort, we can provide specialist insolvency advice and support through this difficult time. We can help with Company Voluntary Arrangements (CVAs), administrations, business sales and Creditors’ Voluntary Liquidations (CVLs). When necessary, we can also provide specialist advice on winding up your company through insolvent liquidation.

  • Support with winding up a solvent company

    If you have a solvent company that has reached the end of its useful life, our team can help you with a Members’ Voluntary Liquidation (MVL). We’ll work with you to wind up your solvent company in the most tax-efficient way, subject to legislation. We can either work with your own tax advisers or the in-house team at Evelyn Partners.

Why choose Evelyn Partners when your business is facing financial difficulties?

  • We are a specialist team of 17 qualified accountants and insolvency practitioners with vast experience advising organisations across a range of industries
  • We’ll work closely with you to understand your situation, look at things from your point of view, help shoulder the burden of difficult decisions, deal with creditors on your behalf and make sure you understand all your options. We can also help pull together all the relevant information quickly to enable you to make critical decisions
  • You’ll have direct access to senior advisers with specialist expertise in your industry. We’ve developed a series of high-quality solutions tailored to different sectors and you can benefit from our trusted relationships with key industry contacts and funders where necessary
  • Our team has been involved in a number of high-profile restructuring and formal insolvency cases in the UK, both as a representative of the company or its owners, and on behalf of significant creditors, banks or contracting partners.

Next steps

We’re here to help you so get in touch today for an initial conversation about your company’s situation and the practical support we can provide. Remember, the sooner you take action, the better.

Frequently asked questions about business restructuring and recovery


  • Can I save my business through restructuring?

    Restructuring is often an excellent way to save a business. By making changes to how the business operates or its financial or legal structures, it is possible to achieve significant efficiencies and increase profits. Unfortunately, company directors often leave it too late so if your company is facing financial difficulty, do seek professional advice on restructuring as early as possible.

  • What is an insolvency practitioner?

    An insolvency practitioner is a qualified, experienced person who is licenced and authorised to act on behalf of an individual or company that is insolvent or facing financial difficulties. Companies approach insolvency practitioners for help and, as well as taking responsibility for liquidating a company or putting it into administration, insolvency practitioners can also help rescue companies and set them on the path to recovery. The earlier you seek advice from an insolvency practitioner, the more options you have.

  • Are insolvency practitioners regulated?

    Yes, insolvency practitioners are regulated. They need an insolvency licence issued annually by a regulator (known as a Recognised Professional Body) to operate. The regulator monitors the work of insolvency practitioners, making sure they are working in a professional manner and complying with statutory duties. Insolvency in the UK is governed by the Insolvency Act 1986.

  • What is an insolvency practitioner?

    An insolvency practitioner is a qualified, experienced person who is licenced and authorised to act on behalf of an individual or company that is insolvent or facing financial difficulties. Companies approach insolvency practitioners for help and, as well as taking responsibility for liquidating a company or putting it into administration, insolvency practitioners can also help rescue companies and set them on the path to recovery. The earlier you seek advice from an insolvency practitioner, the more options you have.

  • Can I save my business through restructuring?

    Restructuring is often an excellent way to save a business. By making changes to how the business operates or its financial or legal structures, it is possible to achieve significant efficiencies and increase profits. Unfortunately, company directors often leave it too late so if your company is facing financial difficulty, do seek professional advice on restructuring as early as possible.

Our appointments

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Reyker Securities Plc (in Special Administration)

Mark Ford, Adam Stephens and Henry Shinners of Evelyn Partners LLP were appointed Joint Special Administrators (“the JSAs”) of Reyker Securities Plc (in Special Administration) (“Reyker”) on 8 October 2019.

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Guinness Mahon Trust Corporation Limited (in administration)

Adam Stephens and Nick Myers of Evelyn Partners LLP were appointed Joint Administrators of Guinness Mahon Trust Corporation Limited (“GMTC” or the “Company”) on 17 February 2020.

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London Capital & Finance Plc (in administration)

Finbarr O’Connell, Adam Stephens, Colin Hardman and Henry Shinners all of Evelyn Partners LLP were appointed Joint Administrators of London Capital & Finance Plc on 30 January 2019.

Get in touch

Greg Palfrey Restructuring and recovery services
Regional Head of RRS

Greg Palfrey

Restructuring and recovery services

Southampton
+44 (0)23 8082 7631
Additional information

Some of our Financial Services calls are recorded for regulatory and other purposes. Find out more about how we use your personal information in our privacy notice.

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Greg Palfrey

Speak to Greg Palfrey, Regional Head of RRS on 023 8082 7631 or click the button to request a call.

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