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Insolvency for Businesses

Insolvency Solicitors for Businesses

Financial difficulty can arrive quickly, and when it does, the decisions you make in those early stages should be quick and informed. Whether your business is facing cash flow pressure, creditor action, or a formal insolvency process, having experienced insolvency solicitors at your side can make a material difference to the outcome.

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“I had an excellent experience with Prosperity Law LLP. Their professionalism and dedication to client care were clearly evident.”

Ms R

Prosperity’s Corporate Insolvency Solicitors

What do our solicitors help with?

At Prosperity Law, our insolvency solicitors advise companies, directors, creditors, and insolvency practitioners across the full spectrum of corporate insolvency matters. We combine technical legal expertise with practical commercial judgement, helping clients navigate some of the most challenging circumstances a business can face.

Our insolvency solicitors can advise and represent businesses in the following areas:

  • Corporate insolvency processes (administration, liquidation, CVA)
  • Creditor and debtor advice
  • Insolvency disputes and antecedent transaction claims
  • Director disqualification proceedings
  • Partnership disputes
  • Wrongful and fraudulent trading claims
  • Misfeasance claims against directors
  • Asset recovery
  • Restructuring and refinancing advice

We work to understand your circumstances quickly and offer straightforward, strategic guidance to help you navigate insolvency, restructuring, and turnaround situations with confidence.

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Why Choose Prosperity?

Clear, Strategic Guidance Through Financial Distress

We quickly assess your situation and provide focused, commercially grounded advice to help you navigate insolvency risks and make informed decisions.

 
 

Specialist Expertise Across Insolvency & Restructuring Matters

From company restructuring and director duties to creditor pressure, liquidation, and business recovery, our team delivers practical solutions tailored to your circumstances.

 
 

Proactive Support to Protect Your Business and Mitigate Risk

We act early to stabilise your position, manage stakeholder concerns, and guide you toward the most effective route forward – whether restructuring, negotiation, or formal insolvency processes.

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Common Corporate Insolvency Questions

Our team have a breadth of experience in corporate insolvency and restructuring, here are some of the questions we get asked most.

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What Our Clients Say

“No headache and assisted me throughout giving me the best advice possible. Will not be using anyone else with future businesses.”

Mr Z

“What an amazing team! They made things so easy and were incredibly helpful and kind. I can’t recommend this company enough, it was a pleasure to use them, full marks.”

Mr P
“Absolutely amazing, First class service from everyone we dealt with.

I can not recommend them highly enough.”
Mr B

“Prosperity Law’s services are truly impressive! It’s usually the case that the client chases the solicitor for updates, but with them it was the other way round.”

Mr C

Meet Our Insolvency & Restructuring Team

AndrewLaycock_4(Web)

Andrew Laycock

Consultant & Head of Insolvency
Ali Renshaw

Ali Renshaw

Solicitor

Get The Guidance You Need From Our Corporate Insolvency Team

📞 Call us today on 0131 246 7878

Or complete the form below and a member of our team will be in touch shortly.


What our clients say

I had the privilege of working with Jane Lynch at Prosperity Law on an incredibly emotional and challenging case. From the moment we started, Jane demonstrated unparalleled professionalism and understanding. She handled the complexities of the case with such care and attention, always keeping our best interests at the forefront. Throughout the process, her expertise and compassion were truly exemplary.

She made a difficult situation much more manageable, and I cannot recommend her services highly enough. If you’re looking for a lawyer who is both skilled and empathetic, Jane is the one to turn to.

Medical Negligence Client

Paul was recommended to me by a mutual acquaintance. And from our first meeting he was confident that he could achieve a successful outcome. 

The team have been reliable and diligent every step of the way and have done all that was required for us to win. I’m grateful to them – and would highly recommend them to anyone who finds themselves in a similar position.

Mr Cathcart, Former Professional Premier League & International Footballer

The team have been helpful and communicative. On a personal level I have found the service immensely helpful and insightful and have found your personal support and guidance, in the way you have lead our HR matters, to be truly outstanding. What I have enjoyed is your ‘realistic and no nonsense’ style that breaks down the legalities into easy to understand points that allow me, as the business manager, to execute matters in line with the legal process

Julie Ebrey , Hardenberg Ltd

Prosperity Law is exceptional both in terms of ability and professionalism. Their knowledge of commercial law is first-rate, which has given us the confidence to refer our clients to them knowing that their issues – often complex and sensitive – will be handled with the utmost skill. Their results are outstanding. We trust Prosperity Law and recognise them as a safe and innovative pair of hands.

Richard Bower-Lowe, C&C Insurance Brokers Ltd

We have worked with Ed Smethurst and his growing team on numerous charitable and commercial projects over the last 10 years. I continue to be impressed by Prosperities ability to successfully guide us through complex contractual situations, advising professionally and sympathetically towards balanced and rewarding outcomes

Chris Richardson, Lancaster Foundation

It is always a comfort to receive a recommendation from within the upper echelons of the legal fraternity when seeking a legal service provider. We have not been disappointed with the service and expertise offered by Prosperity Law. An honest and pragmatic approach to all matters has helped build a relationship to meet the often technically demanding legal requirements of the PFCA.

Professional Financial Claims Association

We have worked closely with Prosperity Law LLP for a few years and they have successfully handled a number of legal matters for us. The office staff and legal team always ensure we get a quick response and they encourage time spent face to face. Everything is always handled and explained in a very professional manner and we consider them a key partner and value their expertise highly.

Richard Duckworth, INKTECH Ltd

I am delighted to provide a testimonial for Prosperity Law LLP. We are now into our second year since we appointed Prosperity to handle our more contentious professional liability claims and we are more than happy with their extremely diligent and very professional service. Responses to appointments are invariably both timely and productive and we have never had cause to doubt the quality of advice provided. We would be happy to recommend Prosperity Law to act in any professional or commercial dispute matter.

Chris Schofield, Trafalgar Insurance Company Ltd.

I just wanted to thank you for how assertive you where with the Birmingham deal. Without the efficiency from your side, the project wouldn’t of happened, it leaves me with great confidence going into the next project, knowing our legals are in hand with yourself and prosperity.

Dan Bolger, Ghetto Golf

I was lucky enough to secure the services of Warren Kaye, Prosperity Law. Warren was extremely diligent at all stages of the conveyancing process. There were some tricky times but Warren remained calm and dealt with everything superbly. I would go as far as to say, if I hadn’t had Warren as my solicitor I may well not have been sitting in my new house typing this review. Fantastic service and would definitely recommend and use again. Thank you.

Sandra Cheetham

I was very happy with the service received by the solicitor Paul Magee at Prosperity Law LLP solicitors in Manchester in relation to a property dispute. I cannot recommend him highly enough. Paul was really helpful and supportive.

Gabriela Granada

I had the privilege of working with Suzanne from Prosperity Law for my recent workplace accident claim, and I can’t speak highly enough of her professionalism and expertise. Suzanne’s dedication and commitment to my case were truly exceptional. She guided me through the entire process with clarity and precision, making a challenging situation much more manageable. I would not hesitate to recommend Suzanne and Prosperity Law to anyone in need of legal representation. Her outstanding work has made a significant positive impact on my life, and I’m more than happy to acknowledge her exceptional service.

Monika Gorynia, Private Client

Huge thanks for all your help, knowledge and experience. You recently carried out the sale of our business and the tenancy agreement for the property/land. Although the transition of the sale was very stressful, it was reassuring having you deal with all the legal matters.

Business Owners

I recently used Prosperity Law for a personal legal matter. I spoke to Paul Magee who provided me with excellent, sound legal advice and recommended the course of action I should take. He was able to allay my fears and put my mind at ease in what has been a very stressful time. I would highly recommend Prosperity Law and in particular Paul Magee for his guidance and support.

David Hill

Having worked with Alex for a number of years and referred hundred of clients wishing to purchase or sell their business and commercial property, I would not have any hesitation in recommending his services.

Alex takes a pro-active, client focused, proportionate approach to transactions ensuring that he is able to turn deals around at a pace to suit the client, in a proper manner. More importantly,  throughout the whole process Alex goes the extra mile to keep clients up to date and is always contactable to answer questions and get the job done.

Being very experienced in his field, he is able to propose practical solutions to problems and rely on a wealth of knowledge to overcome the hurdles than can arise; and has empathy with his clients anguish, providing them with the reassurance they need.

Craig Graham, Hilton Smythe Group

We’d love to hear from you! Send us a message using the form opposite, call us or follow us for the latest updates.

Manchester
0161 667 3686
Mon-Fri 9am-5.30 pm
Liverpool
0151 958 0057
Mon-Fri 9am-5.30 pm
London
0204 513 7306
 
Mon-Fri 9am-5.30 pm
Leeds
0113 246 7878
Mon-Fri 9am-5.30 pm
Chester
01244 450 782
Mon-Fri 9am-5.30 pm

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Copyright Prosperity Law LLP © 2026.

Prosperity Law LLP is a Limited Liability Partnership (LLP) registered in England and Wales with company number OC340697.   Authorised and regulated by the Solicitors Regulation Authority (SRA ID 533585).  Carrick Read Insolvency is a trading name of Prosperity Law LLP.  A list of members is available for inspection at the registered office together with a list of those non-members who are referred to as partners.  We use the word partner to refer to a member of the LLP, or an employee or consultant with equivalent standing qualification.

Whilst we prefer electronic communications, we do not accept service to generic e-mail addresses. Please contact the fee earner with conduct pursuant CPR 6 PD 6A before serving documents by email and obtain consent for such service method. Should you fail to do so, service will not be effective.

Registered office address:  Vantage Point, 4 Hardman Street, Spinningfields, Manchester, M3 3HF. 

VAT no: 993529078