Restructuring Update (May 23)
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODATSUK23D2S4| Type: Video | Speaker: Phil Harris, Jack Norton | Date: 24/05/2023 13:30
Course Details
Our economy is somewhat in a state of flux. With inflation at a record high, interest rates on the up and the delayed effects of the pandemic coming home to roost, uncertainty amongst business owners is rife. The result of this is an increase in the number of corporate insolvencies and with no sign of these economic pressures easing in the near future, this number is expected to continue to rise.
Understanding the key factors driving these insolvencies and the current stance of all stakeholders is vital for professionals and business owners alike to navigate these uncertain times. FRP’s experts hope to provide you with some insight into the current restructuring space and are on hand to address any queries or concerns you may have regarding your clients or your own business(es).
Jack Norton and Phil Harris cover the following topics during this session:
- Economic backdrop – a summary of the current challenges being faced in the UK economy.
- Corporate insolvency trends – a review of recent corporate insolvency data and comments on the same.
- HMRC’s current stance – an insight into HMRC’s current approach in relation to corporate insolvency and the recovery of their debts.
- Director disqualifications – an overview of what constitutes unfit conduct, a summary of recent relevant case law, an update on frequent wrongdoing being seen and recommendations for directors.
- Future focus – what do we expect in the coming months/year in the restructuring space and how this might affect the macroeconomic climate.
CPD Course Speaker
FRP Advisory
Phil Harris
Phil joined FRP in 2017 as a Senior Manager in the Restructuring Advisory team and is based in our Brighton office.
He has been working in restructuring and advisory since 2003, advising business at all stages of the corporate life cycle, and has a wide variety of sector experience including retail, digital media, leisure and professional services.
Phil’s previous assignments have included leading the team managing the accelerated merger and acquisition, and subsequent administration, of a £28 million-turnover food manufacturing business, and securing the sale of the live client files and assets of a well-known local law firm to alternative solicitors
He has been working in restructuring and advisory since 2003, advising business at all stages of the corporate life cycle, and has a wide variety of sector experience including retail, digital media, leisure and professional services.
Phil’s previous assignments have included leading the team managing the accelerated merger and acquisition, and subsequent administration, of a £28 million-turnover food manufacturing business, and securing the sale of the live client files and assets of a well-known local law firm to alternative solicitors
FRP Advisory
Jack Norton
Jack is a Manager within the Restructuring Advisory team, based in our Brighton office. He joined the firm in 2015 as a Trainee Insolvency Administrator and has become experienced within corporate restructuring, personal insolvency, corporate advisory and solvent restructuring.
Jack works closely with clients to release the value of entities back to shareholders during the winding up of businesses and has experience assisting with a number of property-related fixed charge receiverships, assisting lenders in enforcing their security and realising the charged properties.
His recent assignments include working on the trading administration of a large transport and logistics company based in Cardiff where he supported the management team with the day-to-day operations of the business and the orderly wind down of trade.
Jack works closely with clients to release the value of entities back to shareholders during the winding up of businesses and has experience assisting with a number of property-related fixed charge receiverships, assisting lenders in enforcing their security and realising the charged properties.
His recent assignments include working on the trading administration of a large transport and logistics company based in Cardiff where he supported the management team with the day-to-day operations of the business and the orderly wind down of trade.