Insolvency & Business Turnaround

The firm’s award winning team assists clients across the country in dealing with all aspects of insolvency and business turnaround situations. Team members have a wealth of experience in assisting individuals and businesses in financial difficulty, creditors, company directors and insolvency practitioners. Led by Nick Oliver, who practiced in London for 20 years before joining Verisona Law, the team is made up of true specialists with many years of experience and include an arbitrator, a former Deputy District Judge, a higher rights advocate and a qualified mediator.

The team at Verisona Law has become best known for its expertise in dealing with insolvency disputes and litigation – particularly relating to personal insolvency, director disqualification and claims, property, construction and fraud. It has a national reputation for undertaking this work, and is recognised for it in both of the leading guides to the legal profession – Legal 500 and Chambers & Partners. A full list of the team’s services, together with case studies and testimonials from clients, are available below.

Team members understand the difficulties and urgency that are often features of insolvency and turnaround work and are used to working out of hours and to urgent deadlines. Mobile numbers for out of hours contact for senior team members are provided.

  • Nick Oliver

    Nick Oliver

    Director, Head of Insolvency and Business Turnaround

    T: 023 9231 2050 or 07718 159136

  • Michael Dyer

    Michael Dyer

    Director, Head of Business Law

    T: 023 9231 2054

  • Chloe Hicks

    Chloe Hicks

    Trainee Solicitor

    T: 023 9231 2067

  • David Oliver

    David Oliver

    Consultant

    T: 023 9231 2073

  • Sarah Phillips

    Sarah Phillips

    Senior Associate

    T: 023 9231 2060

  • Stephen Ryde-Weller

    Stephen Ryde-Weller

    Associate Director, Head of Corporate and Commercial

    T: 023 9231 2062

  • Robert Small

    Robert Small

    Director, Head of Dispute Resolution

    T: 023 9231 2051

  • Neil Stewart

    Neil Stewart

    Associate Director

    T: 023 9231 2078 or 07469 858609



Businesses in financial difficulty

  • Advice on business refinancing and restructuring
  • Advice on, and management of, insolvency procedures
  • Negotiations with trade creditors, HMRC (including ‘time to pay’ agreements), landlords, banks, factoring companies, financiers and insolvency practitioners
  • Business sales

Individuals in financial difficulty

  • Assistance with financial difficulties, personal guarantees, statutory demands, bankruptcy issues and individual voluntary arrangements (IVAs)
  • Dealings with the Official Receiver, The Insolvency Service and trustees in bankruptcy (including possession actions in relation to residential property)

Company Directors

  • Advice on director’s duties, potential personal liability for on-going trading and options where the company is in difficulty
  • Advice on post-insolvency matters including claims by liquidators and director disqualification action by The Insolvency Service

Creditors

  • Advice on issuing statutory demands, bankruptcy and winding-up petitions
  • Maximising recoveries
  • Retention of title, charge and debenture issues
  • Enforcement of personal guarantees
  • Representation at creditor meetings

Insolvency practitioners

  • Technical advice, transactional support and litigation services locally and nationally
  • Assistance with investigations, insolvency-related disputes and litigation (including construction disputes)
  • Personal insolvency issues
  • Asset and debt recovery
  • Asset and business sales
  • Property issues
  • Employment issues
  • Cross-border assistance

Buyers of distressed or insolvent businesses

  • Advice on purchasing distressed or insolvent businesses
  • Risk assessment and due diligence
  • Support for valuation and price negotiation
  • Related property, leasehold and employment issues