As you may be aware from recent press articles, Grant Thornton UK LLP recently voted as a firm to receive a financial investment from the private equity firm, Cinven (the Transaction). The Transaction is expected to complete in April 2025. This is a significant milestone in our firm's journey and will accelerate our next phase of growth, allowing us to substantially invest in our talent and technologies to provide an unparalleled, high-quality experience for our clients as a leading firm within the Grant Thornton International network.
As part of this investment, there is some corporate reorganisation to facilitate the Transaction. Upon completion of the Transaction, our Tax and Advisory businesses will transition to a new legal entity, Grant Thornton UK Advisory & Tax LLP. Our Audit business will stay as Grant Thornton UK LLP. For all intents and purposes, we will continue to operate as a multidisciplinary firm as we consider this is in the best interests of our clients.
Insolvency work is part of our Tax and Advisory businesses transitioning to Grant Thornton UK Advisory & Tax LLP. You do not need to do anything. There will be no difference to our provision of insolvency work, only to the appearance of our communications which will now be issued from Grant Thornton UK Advisory & Tax LLP instead of Grant Thornton UK LLP. Your Grant Thornton contacts, our email addresses, phone numbers and website addresses remain the same as does our privacy statement.
If you are a supplier to an insolvency estate managed by Grant Thornton, there will be no change unless Grant Thornton UK LLP is a party to the respective contract. Where Grant Thornton UK LLP is a party to the contract you will already have received correspondence regarding transfer of the contract to Grant Thornton UK Advisory & Tax LLP. If this is not the case, please contact your Grant Thornton case contact in the first instance.
This letter will include your unique login details, which will grant you access to the relevant online platform. With these login credentials, you will be able to view important updates, documents, and communications related to the insolvency case in question.
As a creditor, member or debtor, it's crucial to understand your rights and obligations during the insolvency process.
That's why we provide comprehensive guidance on our website to help you navigate insolvency proceedings with confidence.
You'll find clear and concise information on everything from your rights in insolvency to the functions of committees and the fees of officeholders such as administrators and liquidators.
We understand that every insolvency case is unique and requires a bespoke approach to ensure the best possible outcome for our clients. That's why we bring together our multi-disciplinary expertise in insolvency and asset recovery, as well as forensic accounting and investigations, to provide a comprehensive service that is tailored to your specific requirements.
Whether you're a creditor, debtor or involved in any other capacity in an insolvency case, we have the expertise to support you through every step of the process.
Our team of experienced professionals will collaborate closely with you to understand your unique situation and develop a strategy that meets your needs.
The sources for the information are the referenced insolvency rules and R3, which is the trade association for the UK’s insolvency, restructuring, advisory and turnaround professionals.
R3 has produced the website ‘Creditors Guides’ to help explain insolvency processes and how to get involved, if you are an individual or business who has lost money in an insolvency.
Further information is also available from R3 Creditors Guides:
Committees
As set out by the specified set of rules below, please also see:
If you are dissatisfied with how the case has progressed, please contact the Insolvency Practitioner directly who is responsible for the case, or alternatively please write to Joy Ajadi, who is the firms' Head of Insolvency and Restructuring Risk at email joy.o.ajadi@uk.gt.com. If you remain unsatisfied, you may take your complaint up with the Insolvency Practitioners Recognised Professional Body via the Insolvency Services Complaints Gateway, either through their website https://www.gov.uk/complain-about-insolvency-practitioner or by telephoning 0300 678 0015.