Nicky Calthrop-Owen
Actons Solicitors
0115 9 100 200
If you are looking to buy the assets of a company that is going into administration then our insolvency specialists are extremely experienced in acting for buyers in these situations.
Before a company is placed into administration a buyer may be found to buy the company through a pre pack administration. Often the buyer is an existing management team although the buyer can be a third party. The buyer and the proposed administrator agree the terms and price to be paid before the Administrator is appointed.
This method is becoming extremely popular and is called a Pre -pack administration. It gives the buyer the ability to purchase the parts that are viable and create a new company.
The debts and existing liabilities usually remain in the old company, although the employee liabilities are often transferred to the new Company and we are able to guide purchasers on this issue. Our insolvency specialists can assist you in creating a new company and dealing with the problems of the company left behind, including any claims made against the former directors.
The procedure for a ‘pre-pack’ administration is highly regulated and controlled and the need for an expert at an early stage is crucial. A pre pack administration can resolves issues without the need to be forced into liquidation by creditors. Our expert insolvency solicitors can help you with a pre pack to protect the assets and employees of your company.
For further information or to arrange an appointment contact a member of the insolvency team on 0115 9 100 200 or email enquiries@actons.co.uk or fill in the contact form below.
" Head of practice Nicola Calthrop-Owen is widely praised by clients, who say: "She is very personable and charming." In addition she "is very creative in finding solutions to the problems you present her with." Meanwhile Chris Murratt impresses interviewees as a "very personable and thorough lawyer." Clients are quick to emphasis his excellent client service and responsiveness. Richard Leman remains a valuable asset to the practice with considerable experience of both contentious and non-contentious insolvency. "
Chambers & Partners - 2011 - Leading Individuals
" The team continues to enjoy an excellent reputation for the strength of its insolvency practice, with one peer labelling it "the best contentious team in the East Midlands." The group frequently acts for insolvency practitioners and recently acted for the administrators of a company that supplied parts to the automotive industry. Sources say: "They take a very good commercial approach." "
Chambers & Partners - 2011
" Actons’ advice to insolvency practitioners ‘reflects the vast experience amassed by the team’, with its ‘strong commercial acumen overlaying robust technical analysis of complex issues’. Practice head Nicky Calthrop-Owen and consultant Richard Leman ‘epitomise’ the team’s strong skill set and level of service, and Chris Murratt is noted for his ‘experience, knowledge and people-management skills’."
Legal 500 - 2011
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