Restructuring your Business

Restructuring involves creating or reorganising the group structure to protect assets, pigeon hole risk and ensure ownership is better suited for its present or future needs.

When is restructuring right for your business?

• Ownership changes, such as management buyouts.
• Protecting assets.
• Pigeon holing risk.
• Adding new products or services, or dealing in a new region or jurisdiction.
• Planning for a sale or exit.
• Expansion to meet increased demand.
• Raising funds for business needs.

Restructuring your business is a significant decision that requires careful planning and consideration. Whatever your aim, it is essential to understand the full scope of legal, commercial, and practical outcomes to ensure success.

Obtaining advice at an early stage can significantly streamline your transaction. Our experienced team can identify the advantages and pitfalls of your future plans, ensuring you receive a tailored solution that aligns with your desired outcome.

Laceys have experience in dealing with many types of corporate restructurings and can guide you through the steps and procedures which need to be followed in order to make your corporate restructuring successful. Examples of how we can help include;

Restructuring a business

Our corporate solicitors can advise you on every aspect of restructuring your business, including how to deal with:

• Assets
• Liabilities (including business debt)
• Shareholders
• Contracts & agreements
• Rebranding
• Intellectual property

Business demergers

Should you need to divide your business into two or more separate corporate entities, our team can guide you through the process, including advice on:

• Business structures
• Management structures
• Shareholder options
• Selling part of the business

Selling part of a business

If you wish to sell part of your business, we can help you achieve this, including providing advice on issues such as:

• Drafting sale documents
• Restrictive covenants
• Limiting future liability

Financial restructuring for businesses

Should you need to raise additional finance as part of your restructuring plan, our team can help you achieve this effectively, including assisting with issues such as:

• Reviewing your refinancing options
• Advice on the benefits and any drawbacks of different types of funding
• Reviewing any finance agreement you are offered
• Handling transfer of funds, including repayment of any existing finance
• Restructuring a business often requires changes to the employment status of various members of your team. Our experienced employment lawyers can help with matters such as:
• Making redundancies
• Using settlement agreements to avoid the risk of employment disputes
• Transferring employees to a different business with respect to the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE)

We ensure that your restructuring process is smooth, compliant, and effective, with a focus on providing empathetic and value-driven legal support. 

Contact us today to learn how we can assist you in achieving a successful restructuring.