In the current economic climate, many companies are facing financial difficulties. Pressure can come from many areas including H M Revenue & Customs, the bank, creditors, suppliers and customers. With cash flow and solvency becoming a real issue, creditors owed money are more likely to present a winding up petition even if the debt is disputed.

At Steeles Law we have a proven track record in advising companies in all aspects of Insolvency, Business Recovery, Corporate Restructuring and Turnaround. Areas of expertise include Administrations, Receiverships, all forms of Liquidation, de-mergers, company buy-outs and Company Voluntary Arrangements.

The firm adopts a joined-up approach, and with its breadth of experience in the corporate, employment, property and dispute resolution teams, we ensure that we provide 360 degree advice on all aspects of insolvency proceedings.

Our employment team can provided proactive and timely advice on a broad range of potential employment law issues arising including: TUPE Regulations and the obligation to inform and consult; liability for the payment of wages; varying contracts of employment; conducting redundancy dismissals; unfair dismissal claims; and, claims against the Secretary of State.

We can also advise on all options open to a company faced with a winding up petition, including applications for injunctions to restrain the creditor from winding up the company. The disputes team are able to advise on Director’s Disqualification Proceedings, Wrongful trading, Fraudulent trading, Misfeasance, Preference transactions and Transactions at undervalue.

For full details on how we can help recover your business or proceed with winding up a company please contact Peter Hastings.