Administration is a protective mechanism which allows a company time to restructure its finances whilst being shielded from its creditors during the administration period. The commercial team at Saracens has experience in finding the most suitable commercial solutions to protect the company’s position and save the business as a going concern. We also have extensive experience in working alongside and negotiating with insolvency practitioners, creditors, landlords and other stakeholders, which can be pivotal to the direction of the administration.

Occasionally a viable business will experience difficulties in paying their debts as they become due and in organising their cash flow position. A company voluntary arrangement will provide the business with essential breathing space from its creditors which can allow the company to get back on track. At Saracens our commercial team is highly experienced in drafting CVA agreements and entering negotiations with creditors to obtain the best outcome for our clients. We can also provide advice on the best legal and commercial strategies for your business going forward.

It is an unfortunate fact of life that many people find themselves unable to pay their debts as they become due and experience difficulties in organising their cash flow position. We understand that personal financial problems can cause a lot of stress and anxiety and are at hand to provide the support and guidance you need to address your situation. We are able to offer advice on a variety of options available to a person who has become insolvent, including individual voluntary arrangements and personal bankruptcy. We will always act in your best interests with your personal circumstances in mind.

Businesses can face financial difficulties in any economic climate and receivership may be a necessary course of action. Receivers have extensive powers and it is essential to seek legal advice on how to achieve the right legal and commercial solutions for your company. We have an experienced team of insolvency experts who can provide comprehensive advice to help you plan for the future of your company. Saracens are also at hand to assist receivers and secured creditors in securing their claims and negotiating with the debtor-in-possession.