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Business Recovery and Insolvency

If your business is experiencing financial difficulties or cashflow pressures, Smith Cooper can help provide candid, proactive commercial advice on your options when you need it most.

Financial pressures present themselves in many ways: a statutory demand, a winding-up petition, inability to pay amounts due to suppliers including the Crown, a bad debt, or personal guarantees being called upon.

Time is of the essence with debt matters and the sooner we are able to understand the problems you face, the more likely we are to be able to provide options and acceptable solutions for all parties, including main stakeholders and your creditors.

We appreciate that at times like these, the demands on your finances are high and cash is not readily available. For that reason, your initial meeting with one of our insolvency specialists will take place free of charge. At this point, we will determine your financial position and discuss the best strategic options for you to adopt at this most sensitive and pressured time.

Dean Nelson, Nicholas Lee and Andrew Stevens are all licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales. They are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics

When acting as Receivers, Administrative Receivers or Administrators they act as agents only, without personal liability and when acting as Administrators, the affairs, business and property of the company are being managed by them.

When taking appointments, they are Data Controllers of personal data as defined by the Data Protection Act 1998 and the General Data Protection Regulations 2018. Smith Cooper will act as Data Processor on their instructions. Personal data will be kept secure and processed only for matters relating to the appointments which they take. For further details see the firm’s Privacy Policy

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Our experts

  • Name Dean Nelson FABRP, Derby Partner
  • Name Nick Lee, Birmingham/Telford Partner
  • Name Michael Roome , Nottingham Director of Business Recovery and Insolvency
    Michael Roome Director of Business Recovery and Insolvency Profile
  • Name Andrew Stevens, Derby Director of Insolvency