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Business Insolvency

Financial difficulty can be a reality even for well-managed, established businesses. Whether you’re navigating temporary cash flow issues or facing a more critical financial downturn, Geldards’ experienced insolvency solicitors are here to help you make confident decisions quickly and effectively.

We act for businesses of all sizes, as well as directors, lenders, insolvency practitioners, and stakeholders, providing trusted legal guidance throughout the insolvency process.

Strategic guidance for companies and directors

Our team understands that company insolvency is more than just a financial issue – it’s a critical business event that requires commercially-focused solutions. We advise on restructuring, turnaround options, and formal insolvency procedures under the Insolvency Act 1986 and Insolvency Rules 2016, helping you assess the best course of action while protecting your legal position.

Our aim is always to minimise risk, maintain business continuity where possible, and deliver results with discretion and speed, whether that means helping you to deal with a winding up petition or advising on a complex restructuring or refinancing.

Clarity and compliance

Directors have particular responsibilities when companies are in financial distress and insolvency proceedings are probable. We can help you to fully understand your legal obligations, offering clear, jargon-free advice on duties, creditor communication, and procedural requirements.

And if your conduct as a director is called into question, we can engage with the Insolvency Service or officeholder on your behalf, represent you in defending your position and advise in relation to future trading. We have extensive experience in defending claims by administrators and liquidators relating to misfeasance, transaction at undervalue, preference, outstanding directors’ loans, unlawful dividends and disqualification proceedings.

Pragmatic solutions for officeholders

We deliver commercially focussed and clear advice to officeholders on all aspects of corporate and personal insolvency, including appointments, asset preservation and recovery, investigation and enforcement. We deal with asset sales, property and employment issues, including cross-border transactions and recoveries. Our team has a proven track record of successfully pursuing claims under the Insolvency Act and Companies Act including undervalue, preference, transactions defrauding creditors and misfeasance.

Support for creditors

We provide comprehensive and commercial solutions for secured creditors, unsecured creditors and other insolvency stakeholders on all aspects of the insolvency process.

If you are owed money by a company that cannot pay its debts, our specialists deliver tailored strategies for national and international asset recovery and enforcement, including pursuing winding up orders, asset tracing and rapid response such as applications for delivery up of goods and freezing injunctions. We have particular experience in advising commercial landlords on issues arising from insolvency and in advising on company voluntary arrangement proposals, including Part 26 Restructuring Plans under the Corporate Insolvency and Governance Act.

Insolvency support across all sectors

Our insolvency team acts across a broad range of sectors, including

Whether advising on restructuring, asset sales, or contentious matters such as director misfeasance and fraud, we provide solutions that work.

Why Choose Geldards?

  • Trusted legal partners to national and regional businesses
  • Commercially-led advice tailored to your situation
  • Strong relationships with leading insolvency practitioners
  • Strategic insight backed by technical excellence

Get in Touch

If you’re facing financial pressure or anticipate future challenges, speak to our insolvency solicitors today. Early action is key – let us help you navigate business insolvency with clarity and confidence.

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What clients say

"Geldards takes the time to get to know our organisation really well and understands what type of legal and commercial advice we need."

Chambers & Partners 2025

"The amazing team is knowledgeable and has great insight into our business and the commercial decisions that are made."

Legal 500 2024

"Geldards ensured they understood the details of the complex nature of the issue, adding value to the content supplied, as well as delivering the in-depth knowledge required to manage the matter."

Chambers & Partners 2024

"This is a strong team with good depth of experience. I find them easy to work with. The solicitors there are up to speed with the current law. They provide a savvy and sensible approach to litigation and are easy to deal with. They use technology really well to manage files/correspondence/deadlines"

Legal 500 2023

"The ability to consistently give sound, focused advice and guidance on specialist areas. I value this approach versus providing options and generic advice with no guidance or commercial angle. "

Legal 500 2022

"The team is technically stronequally importantly, they provide a service focused on you, the client. They spend time building the relationship and gaining an understanding of the actual issues."

Legal 500 2025

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