Advising organisations and lenders across the UK
The restructuring & insolvency team at Harper Macleod combines technical excellence with service delivery of the highest standard to businesses and lenders in Scotland and elsewhere in the UK.
We have a wealth of knowledge in banking and finance transactions, property, debt and equity restructurings and insolvency processes.
Lenders and borrowers seek our advice to help them with a wide range of impaired asset solutions, including equity restructuring, property participation, security enhancement and security realisation.
Our approach is to work in partnership with our clients to develop and implement solutions through proactive discussion, innovative strategic analysis and robust, effective advice.
Where rescue, turnaround and restructuring is not possible, we advise on the duties and obligations of those in insolvency.
Creditors, whether secured or unsecured, need advice on securing and maximising their recovery from customers facing insolvency. Insolvency practitioners have a need for advice geared towards maximising the return to creditors.
We were named Regional Firm of the Year at the UK Insolvency and Rescue Awards 2014. Between them, our lead Partners have more than 50 years’ experience in large scale restructuring and insolvency assignments, and are among the UK's leading practitioners.
Contact us
Thank you for your enquiry. Someone from our team will be in touch with you in due course.
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Gordon Hollerin
Partner
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James Lloyd
Partner
Why choose us?
Our lead Partners have more than 50 years’ experience in large scale restructuring and insolvency assignments, and are among the leading practitioners in this area. We deliver pragmatic, commercial advice, based on detailed understanding across industry sectors to enable our clients to achieve the best results. We also work closely with other professionals throughout the UK on significant cross-border matters.
We provide advice on restructuring and insolvency related matters to clients including:
- Banks
- Company directors
- Distressed companies
- Financially distressed individuals
- Insolvency practitioners
- Landlords
- Secured and unsecured creditors
Key services
We are experienced in advising in the following areas:
- Administrations
- Company Voluntary Arrangements (CVA)
- Debt recovery processes
- Debt rescheduling and refinancing
- Directors' duties
- Distressed debt trading and non performing loans
- Distressed M&A
- Distressed real estate lending and impaired asset solutions
- Equity and property participation
- Equity and property restructuring
- Formal insolvency processes and office holders conduct
- Insolvency litigation
- Insolvent assets and business sales and purchases
- Lender exit strategies
- Liquidations
- Pre packaged solutions and disposals
- Receiverships
- Security enhancement and realisation
Gordon Hollerin is an outstanding practitioner in his field who brings a wealth of experience and commercial common sense to the table and along with his responsive team in HM can be relied upon for sound commercial advice. In addition you know you are getting great value for money - something that is common across other service areas we rely on HM for.
Euan Simpson, Executive, Clydesdale Bank
We have worked with Harper Macleod and in particular Gordon Hollerin, within the Restructuring arena over many years and have covered pretty much all aspects of this type of work. We have always found this a good experience both in terms of the quality of advice and responsiveness. Gordon is a genuine expert in Restructuring work with experience gained over many years and has also built an excellent relationship over this period with both myself and my colleagues
Blair Nimmo, Partner, Head of Restructuring Scotland, KPMG LLP
I have worked with various partners throughout HM since its inception and have admired the firm’s remarkable growth.
I put that down to the leadership, energy and talent of the partners and staff.
A lot of the work I do is contentious and I’ve enjoyed the support of many HM partners in their specialised fields over the years. I have continued to instruct them due to their consistency and quality.
Bryan Jackson, Partner / Business Restructuring, BDO LLP
Work examples
Acting for administrators
Acting for KPMG as administrators of Pelamis Wave Power Limited, a major wave power developer, in the sale of its assets including intellectual property connected to its sea-snake wave energy device, to Wave Energy Scotland Limited, a body set up by Highlands and Islands Enterprise to support Scotland’s wave-energy sector.
Property restructuring and refinance
Acted for The Keiller Group on a restructure and refinance of a £65 million property portfolio alongside a £40 million senior debt refinance.
Corporate restructuring
Acting in the successful restructuring of a national ophthalmic business through the administration of a trading subsidiary and the transfer of certain of its retail units to a group company preserving the employment of the workforce and ensuring the continuity of patient care.
Restructuring associated with refinancing
We advised on the restructuring of a care home group in conjunction with a major refinancing exercise with the group’s lenders. Our joint restructuring, banking and corporate teams combined to ensure a complex transaction went smoothly, meeting the aims of both the borrower and lender.
Advising administrators of e-commerce business
We advised on the complex legal issues arising from the administration of a leading sales, e-commerce and online solutions business. Our knowledge of IT and IP issues, as well as e-commerce combined with our insolvency experience to make us ideally placed to deal with such a highly specialised business.
Members’ voluntary liquidation
Acting in the members’ voluntary liquidation of Glasgow 2014 Limited, the company responsible for the successful Glasgow Commonwealth Games, for which Harper Macleod were sole legal advisers.
Our highlights
Legal awards
Regional Firm of the Year at the UK Insolvency and Rescue Awards 2014
We were named Insolvency Team of the Year at the Scottish Legal Awards 2012.
Legal directory rankings
We are ranked as one of the leading firms in Restructuring and Insolvency in Scotland by Chambers UK Guide to the Legal Profession 2015 and The Legal 500.
Partners Gordon Hollerin and James Lloyd are both recognised as Leaders in their Field.
Meet the restructuring & insolvency team
Why choose us?
You don't need a lawyer - not many law firms will tell you that. What you need is someone to provide a solution, and our advisors are dedicated and flexible enough to do just that.
Personal legal services
With one of Scotland's largest teams dealing with personal legal matters, we have specialist knowledge for every stage of your life - from buying a house to protecting your assets.
HM Insights
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