Su is a Partner in the Restructuring & Insolvency team.
With extensive experience in a wide range of non-contentious restructuring matters, Su specialises in working with companies and their directors, insolvency practitioners, lenders and financiers on a range of restructuring and turnaround scenarios, using her experience to achieve results for all parties.
Su has a particular knowledge of distressed real estate work as well as formal insolvency appointments and security issues.
Working across a wide variety of sectors including construction, retail, hospitality, manufacturing and automotive, Su works primarily with SME businesses.
Recent examples of how Su has supported clients include:
- working alongside Alvarez & Marsal to support the directors of a group of companies, who supply Jaguar Land Rover (JLR), to devise an exit strategy for an underperforming group company while ensuring enforcement by the secured creditors was avoided; negotiating a trading agreement with JLR to avoid impacting their production line and ensure a solvent administration;
- leading a cross-disciplinary team including Real Estate, Conveyancing, Construction, Banking, Tax, Insurance and Planning to protect the investments of a private equity house in two part completed building conversions of offices to apartments, where some had been sold off plan, culminating in the administration of both companies, to work through the options of selling the sites as they were, completing the sites and then either selling the apartments individually or the property as a whole;
- working with the directors of Patisserie Valerie, to place the companies into administration and as part of the team that completed three contract race sales within a 36 hour period to enable the business to continue (and retaining one of the buyers as a client);
- advising the landlords of various retailers who had proposed and entered into CVAs on the effect of the CVAs on the landlords and the options open to them;
- supporting the directors of a cinema chain who were facing closure due to the pandemic, to advise on their options prior to receiving a British Film Industry grant that rectified their working capital hole. The challenge to putting a plan in place was obtaining the agreement of the landlords, so we considered using a blend of CVA’s, the Restructuring Plan and administration; and
- working with the directors of a PE backed company which had consolidated its operations from three small sites to one larger site to consider the options if consensual arrangements could not be reached with the three exiting landlords, including CVA and a moratorium.