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Pre-pack Administrations

Pre-pack administrations can offer many benefits to a business, its customers, its employees and its creditors. Our expert team can work with you to ensure the entire process runs smoothly and successfully, minimising the disruption to trade.

Key contact

Sam Payne

I act for lenders, companies, directors and insolvency practitioners (administrators and liquidators), trying to make sure businesses survive, keep job losses to a minimum and ensure creditors get as much money back as possible.  As a member of the Institute For Turnaround (IFT) I uphold their principles of integrity, objectivity, competence, due skill and courtesy. So, if you need someone to help you turn your business situation around, I’m here to help.

Pre-pack experience and expertise

Our expert team are on hand to act swiftly on the pre-pack administration of a distressed business about to enter administration.

We work with businesses and lenders to advise on the administration process and the suitability of a pre-pack.

We also support potential buyers seeking to purchase a business in pre-pack administration. This includes advising on the sale documentation and their offer. We can also advise if an evaluation report will be needed, applying for one if it is.

No matter which side of the fence we are on, our focus is always on a robust and rapid outcome that best serves all stakeholders.

A top-10 firm on your team

We are recognised as one of the top 10 national firms instructed on mid-market assignments.

Our clients include lenders, insolvency practitioners and corporates wanting to grow through acquisition from administrators.

The wider experience available across our firm adds further value, and we often work alongside our colleagues in our Corporate and Banking and Finance teams, as well as the Employment and Immigration, Real Estate and Commercial teams to ensure we provide the complete solution you need.

Recognition of our work

Legal updates and thought leadership

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Hear what our clients say about us

I have worked with Sam now on many turnaround assignments over the last 15 years. I have always found him to be extremely focused and user-friendly with an innate ability to engage successfully with all key stakeholders. I have worked particularly closely with Sam on mid-market manufacturing and retail assignments, as well as large national charities. I would always recommend Sam to directors who need expert legal assistance in navigating difficult times and support with engagement with all stakeholders as they drive towards a successful turnaround.

Dr Mark Taylor Bluesky Associates Turnaround & Transformation Advisory LLP

Sam is great at building relationships, has a strong knowledge of the marketplace and will make introductions to relevant third parties. He is proactive and very commercial, coming up with suggestions and solutions that we hadn’t thought of. Sam doesn’t just focus on the legal documentation, but also uses his mind to find ways forward. He is very down to earth and is never difficult to get hold of. Sam offers a genuine, partner-led approach.

Jo Power FRP (previously ExWorks)

This is the best news, thank you so much. Deanne, you have been wonderful throughout and especially helping me with my serious upset and frantic feelings, you have gone above and beyond anything expected.

I am so grateful for all your kindness throughout this whole process.

Client Winding up petition

They are ready to move at short notice to deliver a great outcome.

 

Legal 500 2024 – Insolvency and Corporate Recovery

The team headed by Sam Payne is well rounded, pragmatic and cost effective, covering all types of corporate insolvency assignments.

Legal 500 2024 – Insolvency and Corporate Recovery

The team can call on a wide variety of talent. There is plenty of diversity amongst the team and they are solution driven.

Legal 500 2024 – Insolvency and Corporate Recovery

I find the team’s approach to be fast, effective and agile.

Legal 500 2024 – Insolvency and Corporate Recovery

Sam’s excellent understanding of all intricacies of both the financial and insolvency aspects to this administration, and his great team, are why we continue to instruct them.

Damian Webb RSM

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