Restructuring & Recovery

Our restructuring and recovery team is available to advise on the extent of, and the solution to, a company’s problems. Ireland is going through difficult times, and companies in all business sectors are finding themselves under increasing financial pressure. Where possible, we can provide a plan for the rescue of a company’s business. We provide a professional service which offers practical business recommendations and solutions.

When all alternative options have been exhausted and it is clear that a company’s difficulties are insurmountable we can provide clear advice and recommendations on the most effective form of winding up. At HSOC we have extensive knowledge and experience with the various forms of insolvency. Our dedicated team provide a range of services for a company that finds itself trading insolvently, including the organisation and hosting of creditors’ meetings, as well as providing advice to the directors personally. We also provide a free creditors meeting attendance service that any company or individual can request.

Personal circumstances may dictate that liquidating your company may be beneficial to you, specifically in relation to retirement relief. Our experts can provide advice in the area of personal recovery, succession and retirement planning, and the various types of relief available when it comes to liquidations.

Types of Insolvency

  • Member Voluntary
  • Creditors Voluntary
  • Receivership
  • Court Liquidation
  • Examinership

Insolvency Services Provided

  • Free Creditors meeting attendance
  • Act as Liquidator for both Solvent and Insolvent companies
  • Personal advice to directors of companies
  • Organisation and hosting of Creditors meetings
  • Advice in relation to the relevant CRO documents that require filing

Corporate Recovery Services provided

  • Review of existing company costs and structure
  • Management accounts to help provide accurate information for directors to make important decisions
  • Projections and cashflows to assist in long term planning
  • Assistance and advice on how to deal with banks
  • Negotiations with bank on your behalf should restructuring of debt be required
John O'Connell FCCA

John O'Connell FCCA

Partner Financial Services

John is the Managing Partner at HSOC Financial and Business Advisors. John's key role is in coordinating the delivery of high level professional services to clients by matching HSOC skills with clients needs.Having trained with Hamil Spence O'Connell qualifying as a member of the Association of Chartered Certified Accountants, John initially worked in the Audit and Compliance Department. John was instrumental in establishing the Financial Services Department enabling the firm bring a broader range of services to clients. John is currently involved with advising high net worth individuals and corporates in all areas of wealth management, marrying the firms services with client needs in an ever changing business environment.

john@hsoc.ie

Shane O’Connell ACA

Shane O’Connell ACA

Partner Audit & Compliance

Shane is a qualified accountant and member of the Institute of Chartered Accounts of Ireland, having previously obtained a BA in Business Studies and Professional Diploma in Accounting from Dublin City University.
Shane trained with Grant Thornton, gaining broad audit and accounting experience during his time there. He joined HSOC Financial & Business Advisors in 2008 and initially concentrated on large audit clients and consolidations.
Shane became Manager of the restructuring and recovery section in 2009 and Partner of the same Department in 2011. He advises clients who are in financial difficulty and helps them create business strategies to assist in turning a company around. Shane provides management account, budgetary and cash flow projection services to assist clients as part of a business strategy. In some cases a business strategy is not an option. Shane can advise clients as to the most efficient form of winding up in these instances, and can also act as liquidator of a company should the need arise.
Shane completed the Diploma in Forensic Accounting in 2010 and has been involved in many forensic cases ranging from Revenue investigations to divorce and civil matters. He has also been involved in mediation work on behalf of clients.

shane@hsoc.ie

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