Retail Debt: Business recovery & insolvency.
Our specialist business debt recovery team provide a commercial retail debt recovery service for businesses in the retail sector.
We understand that, in order to maximise the chances of recovering the debt, together with accrued interest, it is necessary to act quickly and efficiently. We work closely with our clients to understand their business and tailor-make a bespoke debt recovery service, which supports their own credit control departments.
Acting for a client whose company was placed into administration. The directors formed a new company and we advised on the purchase of the assets of the insolvent company. They entered into licences on selected properties, with a view to negotiating permanent occupation by way of an assignment of the existing leases. Key to the success of this type of transaction is to deal quickly and effectively with multiple parties including the administrators and the landlords of the various properties.