Restructuring and Business Advisory
Our Restructuring and Business Advisory team offers clear strategic guidance to businesses, creditors and stakeholders that are dealing with financial distress.

Our Restructuring and Business Advisory team advises companies, directors and other stakeholders on a wide range of matters. Whether you are seeking to rescue a company facing challenges, protect creditor interests or manage complex insolvency proceedings, our specialist lawyers will support you throughout the entire process.

Always understanding that these can be stressful and emotional situations, we help our clients to identify the right strategy. We are the preferred provider for a number of lenders and insolvency practitioners, including national lenders and accountancy firms, who trust us with difficult, sensitive and high-value matters.

Our experience covers a wide range of projects in many industries, including energy, construction, manufacturing, shipbuilding, haulage, real estate development, education, hotels and leisure, and IT. We work closely with sector specialists across the firm to ensure that we provide practical and commercial solutions to our clients.

Our expertise includes:

Strategic planning for distressed businesses
Turnaround assignments and workouts
Debt management and restructuring (including restructuring plans and schemes of arrangement)
Advisory work for lenders on distressed connections, including debt recovery and enforcement
Advising businesses in relation to customer or supplier failure and risk mitigation
Pre-pack sales, acquisitions and asset disposals
Administrations, liquidations and all forms of formal insolvency appointments
Complex contentious insolvency

Meet our key contacts

Fiona McKerrell

Partner

Meet our full team

Neil Campbell

Director

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Gillian Carty

Partner and Chair

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Kirsty Fryer

Senior Solicitor

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Christopher Garden

Director

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Suzanne Knowles

Director

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Fiona McKerrell

Partner

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Laura McMillan

Director

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Hamish Patrick

Partner and Head of Financial Sector

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Serena Weir

Senior Associate

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Related articles and insights: Restructuring and Business Advisory

31 March 2025

Moveable Transactions (Scotland) Act goes live today

Contributor: Neil Campbell

An overview of the key changes from the Moveable Transactions (Scotland) Act coming into force today, 1 April 2025.

8 January 2025

The Moveable Transactions (Scotland) Act 2023: Commencement date and other key features now confirmed

Contributor: Neil Campbell

The Scottish Ministers recently announced the Moveable Transactions (Scotland) Act 2023 commencement date, alongside a number of other key features that you should be aware of.

14 May 2024

Andrew Russell shares the importance of self-care

Contributor: Fiona McKerrell

To highlight Mental Health Awareness Week, Partner Fiona McKerrell led a Q&A with Andrew Russell, director of Arran Sense of Scotland, on the lessons he has learned over the years regarding self-care.First published in The Herald.

4 April 2024

Post-Insolvency Working Capital and the Moveable Transactions (Scotland) Act 2023

Contributors:
Fiona McKerrell, Hamish Patrick

In this article, Hamish Patrick and Fiona McKerrell, discuss key points relating to 'post insolvency working capital' within The Moveable Transactions (Scotland) Act.

8 January 2024

Hospitality and Holyrood’s Autumn Budget: What’s on the menu for the industry in 2024?

Contributors:
Fiona McKerrell, Kirsty Fryer

In this article, Fiona McKerrell and Kirsty Fryer discuss some of the potential challenges which Scottish businesses operating in the hospitality and leisure sector may face in 2024. First published in: The Scotsman

5 December 2023

Moveable transactions – Scotland v England Round 2 – taking security over chattels

Contributors:
Andrew Kinnes, Hamish Patrick

In this article, Hamish Patrick and Andrew Kinnes from our banking and finance team, provide commentary on The Moveable Transactions (Scotland) Act 2023, which when in place will arguably move the Scots law ahead of the law south of the border. Our experts test whether or not that is the case when taking security over chattels.

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