Insolvency and Restructuring

"PDT’s team produced superb service and support in a hefty application. The advice provided was always timely, considered and commercial. Full marks to Ian, Claire and Jonathan for persistent diligence and remaining supportively cheerful throughout!"

Tony Murphy

Harrisons Business Recovery

"Will Angas and his team have acted for me on several occasions when we have successfully recovered payments from directors or third parties which related to unlawful actions permitted by the directors prior to my appointment. Will's energy and commitment to these cases was exceptional and has resulted in significant recoveries to the benefit of the insolvent companies' creditors. In many of these cases, Will's sharp, commercial approach and strong, technical ability has resulted in settlement without the need to commence formal legal proceedings therefore reducing the risk and potential expense to the insolvent estate. I look forward to working with Will and his team on future matters"

David Clements, Director

Harrisons Business Recovery and Insolvency Limited

"I was appointed administrator of a company that specialised in reclaimed timber. Prior to going into administration, the Company had entered into a contract to supply a major high street retailer with reclaimed timber flooring in its flagship store in London. The retailer ended the contract after my appointment but just before delivery. A dispute arose as to whether the retailer was obliged to pay the contract price. Will and his team took a risk running this claim as there were no funds in the estate so any legal fees could only be paid from recoveries in the litigation. The retailer had no intention of settling the matter and did everything to stymie the claim including threats to apply for security for costs (despite the ATE insurance policy) and “David and Goliath” tactics at settlement meetings. Despite this, Will pressed on with the litigation and days before the trial, terms were agreed resulting in a substantial return to the estate that could never have been achieved but for the litigation and the valuable input from all stakeholders. Will and his team were quick to spot the merits in the claim, commercial as to its funding and progression and were tenacious and relentless in their pursuit of the retailer for payment. My team worked well with Will’s team and I look forward to working together again soon"

David Oprey, Partner

CVR Global

"I was appointed Joint Administrator of Toys “R” Us Limited in February this year. I instructed PDT to help me recover large, disputed balances owed by trade vendors based in the UK, USA and Asia. The claims and underlying vendor agreements were contractually complex, with international dimensions, and were often heavily disputed by well-resourced toy manufacturers. Will, Justin and their recoveries team were commercial, responsive and successfully negotiated substantial recoveries from vendors – to date - in excess of six-figures for the benefit of creditors."

Simon Thomas, Director

Moofields Advisory Limited