Elliot Mather is please to support:

Corporate Finance

Our services

Bank security
Debt collection
Business recovery and insolvency
Buying or selling a business or shares

For further information contact:

Chesterfield (01246 231 288)
Paul Hollyer

Bank Security

There is a saying that the banks only lend money to people who don’t need it, but of course in reality we know this is not true. Our banking clients lend money to those business customers they know to have reasonable proposals and every chance of success. Of course, substantial lending must be supported by security over the assets of the business, property or development contracts, and that’s where we come in.

How we can help

We work for several high street banks and have done for many years now, seeking substantial security for the facilities provided, including advising on the result of property and business due diligence.

This security will include:

legal charges
debentures
facility agreements
inter company (cross) guarantees
deeds of priority, inter-creditor agreement and deeds of subordination
personal guarantees
charges over life assurance policies

Debt Collection

When your business is owed by another, it can put huge pressure on cash flow and unfortunately for some businesses, can cause great upheaval, staff loss and sometimes closure.

How we can help

Elliot Mather’s dedicated debt recovery team uses a tried and tested process for collecting your debt, and we are renowned for our success rate, which is due to the steady, firm management of the collection process by skilled, objective negotiators. We use computer systems to monitor and track the debt and to ensure regular contact with the debtor, doing everything we can to secure your outstanding monies without the need for litigation.

However, when the time for litigation comes we are equally dedicated to getting results. We know, first and foremost, that you want to avoid throwing good money after bad so we will investigate our options carefully, undertaking credit checks on your debtors to ensure that you do not spend time and money achieving a judgement that is not enforceable. When we establish that litigation is a means of securing what you are owed, we will pursue the matter with dedication and decisiveness.

Our debt collection team will help your business to work efficiently, effectively and appropriately to recover what you are owed by:

Maintaining pressure on and contact with your debtor, using an efficient system to monitor and track progress
Advising on status and options every step of the way so that your approach is informed and does not mean throwing good money after bad
Taking swift, firm litigious action when appropriate
Effectively enforcing the debt or obtaining security where appropriate

Business Recovery & Insolvency

One of the Government's main aims is to stimulate and encourage an "Enterprise Culture".

To achieve this, the Government changed the laws concerning Business Insolvency in the Enterprise Act 2002.

How we can help

Business insolvency is a very complex area, and you may have more options than you think. After evaluation of your case we can advise you on the options open to you and how to best achieve your objectives. There are different forms of insolvency – voluntary arrangement, receivership, or administration and liquidation. What suits you best depends on lots of different factors which we will discuss in detail with you.

It may even be that in discussing your business we can suggest to you an alternative that avoids the need for Insolvency altogether, and early consultation with us will give us the opportunity to look at Business Recovery rather than Insolvency.

Buying or Selling a business or shares

When you buy or sell a business, you are trading in much more than the physical assets and the future financial forecasts. A business must preserve the value of its reputation, history, and capabilities as it changes hands. This is true whether you buy the assets and start a new business with them, or buy shares and continue the existing business

Whether you are dealing with the transfer of a business or shares in a company, you will appreciate the necessity of carefully managing the transfer of staff and the nurturing of existing business relationships, as well as the practical and legal adjustments.

These transactions often take place for considerable amount of money with tight deadlines. In particular, although transferring shares is simple, the background involves many complex issues, for example the authorisation of financial assistance for the acquisition of a company’s own shares, assumption of existing debts or loans, vendor warranties and warranty protection and the requirement for post-completion accounts.

Appointing legal experts fully able to handle the process proactively, going beyond a legal remit to advise and support you is essential in making that transaction a smooth one.

Elliot Mather has vast experience in this field, approaching every transaction with the same ambition and focus our clients have whether they are a buyer, seller or funder. This experience sees us working for clients large and small across the country. We have nurtured a highly specialised technical understanding of commercial transactions and risk assessment, and we excel in delivering that practical insight through a personable, honest service.