England - North West • Finance
Shoosmiths LLP
The ‘truly diverse’ team at Shoosmiths LLP has the ’incredibly helpful’ Sarah Teal at its helm, who notably ‘champions the role of women, especially in the workplace’. It is well-equipped to act and advise on high-profile administrations, particularly in the retail sector, such as that of the four Joules entities which were sold to Next, a matter with a value of £40m; senior associate Hollie Wrigley was a key advisor on this. Bethan Moore, noted as ’technically strong’, has significant experience advising clients, being large clearing banks, alternative lenders and distressed companies, on non-contentious restructurings.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘The team bring a commercial approach to every situation. They are adaptable, responsive and price their work sensibly. Sarah Teal and the team always find the answer and nothing is a problem.’
‘The team has particularly good knowledge of the retail sector, having had a high level of exposure to a number of high-profile insolvency matters in the sector over recent years.’
‘The team is very accessible, particularly principal associate Noelle Petty. Advice is prompt and clear, but the team is equally happy to discuss and tailor their advice in a collaborative manner.’
‘Sarah Teal is incredibly helpful and knowledgeable.’
‘Sarah Teal's input is consistently valued by our board of directors throughout tricky period sand her support and guidance is priceless. She is always clear and timely in her advice - nothing is ever too much. Rarely have I worked with an individual who I would so wholeheartedly recommend.’
‘Sarah Teal and Bethan Moore are very commercial, fast to respond and technically strong. Great way with clients.’
‘A truly diverse team that are a pleasure to work with. It has a great market reputation and is led incredibly well by Sarah Teal. They deliver a quality service offering and I especially value how responsive they are to urgent matters.’
‘Sarah Teal is a credit to the profession and is to be admired for how she champions the role of women especially in the workplace.’
Key clients
- Interpath Limited
- Kroll Advisory Ltd
- RSM UK Restructuring Advisory LLP
- Joules Limited, Joules Development Limited, Joules PL & The Garden Trading Company Limited
- Moss Bros Group Limited
- Bibby Financial Services Ltd
- Santander UK plc
- Close Invoice Finance Limited & Close Brothers Limited
- Shawbrook Bank Limited
- JLG Group Plc and Just Cash Flow Plc
Work highlights
- Advised the national retailer, Joules group on a potential CVA, and thereafter, the administrators of the Joules group on a £40m disposal of the business and assets of Joules Limited to Next.
- Advised national menswear retailer, Moss Bros Group Limited on the launch of its CVA and on the successful resolution of the subsequent challenge to the CVA brought by the company’s landlords.
- Advised Kroll as the joint administrators of the ABL backed Ham Baker Group of Companies, a long-established Midlands manufacturing business, including advising on a pre-packaged sale of the business.
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Shoosmiths LLP
Bethan Moore is a partner in the Corporate Restructuring and Advisory team. Bethan has a particular focus on non-contentious restructuring, corporate recovery and turnaround mandates. Bethan's clients include banks, asset based lenders, financial institutions, insolvency practitioners, directors and other key stakeholders in financially distressed businesses. She has extensive experience advising lenders, insolvency practitioners and receivers on distressed real estate. Bethan has substantial experience in the retail sector; having worked on a number of recent high profile retail sector insolvencies and restructurings. Her recent experience includes: - advising the administrators of a high profile fashion retailer on the disposals of its real estate portfolio, including the sale of its online sales distribution centre; - advising the administrators on all aspects arising out of the trading administration of a group of companies operating in the travel and leisure sector. Specifically, advising the administrators on the transfer of the group's portfolio of circa 40 hotels; - advising a funder on the restructuring of a group of companies operating in the construction sector; - advising the special servicer and receiver of a portfolio of circa 30 retail stores; and - advising an asset based lender on the funding and restructuring of a group of companies operating in the recruitment sector.
Practice head
The lawyer(s) leading their teams.
Sarah Teal