Sam specialises in advising various stakeholders in relation to businesses in financial difficulty. He is a qualified insolvency practitioner (non-practising) and has recently spent 18 months in a non-legal banking role within the business support team of Lloyds Bank.
His particular focus is advising on the restructuring of distressed banking facilities, the validity and enforcement of security, directors’ duties, distressed asset sales/purchases, formal insolvency procedures, restoration of dissolved companies, and retention of title.
- The board of a national group of care homes on their directors’ duties, the restructuring of the group’s facilities and the administration of the group’s parent company
- The board of a national, £50m turnover construction company in relation to rapidly evolving financial difficulties arising from a contractual dispute which involved working with the board and prospective insolvency practitioners to manage creditor pressure and formulate a strategy for maximising value for the company's creditors
- A national quarrying and stone processing business (and the administrators of two group companies) on a complex sale which included sales on solvent and insolvent bases. The transaction management required complex stakeholder management with 13 secured creditors with conflicting interests whose consent was required
- The administrators of a water infrastructure company on their appointment in rapidly evolving circumstances ending with a court appointment which was successful notwithstanding some creditor opposition. This involved advising on a number of issues including an application for a validation order. Once the administrators were appointed, advice was given on the sale of the company’s business and assets; the status of its employees; retention of title claims; and the novation of a range of both public and private sector contracts. This involved the successful management of a wide range of stakeholders and the co-ordination of advisers from specialist teams across the firm
- A bank on a restructuring of its facilities and security over a group of businesses in the care sector whose group was undergoing a substantial restructuring
- A large international clothing supplier in relation to a multi-million pound retention of title claim against a large national retailer.
Market sources comment that he is "Very practical and sensible" with one highlighting his "great customer focus" as a key strength.
Sources state: "He is down-to-earth and understands the banks' position and their agenda. He's got common sense, good legal knowledge and is able to deal with anybody."