Clarion Solicitors webinar. Mitigating risk: Lending, security and succession in sole director companies
When a company is led by a sole director, it can create added complexity, particularly when it comes to decision-making, documentation, and succession planning.
If that director becomes incapacitated or passes away, the business can grind to a halt, raising critical questions about access to funds, enforceability of agreements, and recovery of lending. Even solvent companies can face delays that directly impact repayment timelines and security positions.
Join experts from Clarion for a focused and practical discussion on the risks, responsibilities, and questions every broker and lender should be asking when dealing with companies that have a sole director.
Duration: 45 minutes, free to attend
What we’ll cover:
- What happens legally and practically if a sole director can no longer act
- The impact on existing loan facilities, guarantees, and security documents
- The importance of checking whether a will is in place and up to date
- The key governance and continuity questions brokers and lenders should ask before funding
- Whether shareholders have the right powers to appoint a replacement director quickly
- The implications for fund distribution — in both solvent and insolvent scenarios
- How quickly an estate can liquidate assets and repay lenders
- Why proper succession and will planning can significantly reduce risk and recovery delays
- The importance of a Power of Attorney
Speakers:
- Andrea Unwin, Legal Director, Banking and Finance
- Ryan Millmore, Joint Managing Partner, Business Recovery & Insolvency
- Nicola Cooper, Legal Director, Corporate
- Keil Walsh, Senior Associate, Private Wealth
Why attend:
- Understand the lending and recovery risks of sole-director structures
- Learn what to look for during due diligence to protect your position
- Get practical guidance from lawyers who regularly advise on funding and governance matters
