Andrew Tate | Kreston Reeves

Position

Partner and Head of Restructuring

Email

andrew.tate@krestonreeves.com

Special interests

  • Corporate restructuring
  • Formal insolvency procedures
  • Advising on insolvent situations
  • Providing business advice
  • Personal insolvency advice
  • Investigations and debt recovery

Qualifications

  • Licenced insolvency practitioner
  • Fellow of the Chartered Association of Certified Accountants
  • Associate of the Institute of Chartered Secretaries and Administrators
  • Registered Law of Property Act Receiver

Further information

Andrew has over 25 years experience of dealing with restructuring and insolvency matters, is a past president of the insolvency Trade Body R3 and heads up the Kreston Reeves Recovery and Restructuring team.

Andrew has been a licensed insolvency practitioner since 2000. He was a partner with Baker Tilly until 2006 and then joined a smaller practice, leaving there after five years to join Kreston Reeves.

Andrew has represented ACCA on the Joint Insolvency Committee, the main standard setting body for insolvency practitioners and chaired the committee for three years. Through this, he has gained extensive knowledge of the regulatory system for insolvency practice and particularly in areas such as prepacks.

Andrew became Chairman of the R3 SPG Committee in October 2012 and also sits on R3′s Council. Andrew has participated in various R3 initiatives including Media appearances and giving evidence in Parliament on the proposals to introduce partial licences for practitioners. In April 2014, Andrew was appointed R3 Deputy Vice President and become R3 President in April 2016 for a year-long term.

Andrew has advised on a wide variety of situations including the following:

  • Distress situations in the financial services sector including businesses dealing in futures, foreign exchange and “land-banking”.
  • Trading administrations and receiverships
  • Solvent liquidations and restructuring utilising s.110 of the Insolvency Act 1986
  • Advisory reports including viability reports for lenders, business reviews and turnaround advice, including working with interim managers
  • Advising boards of directors on practical steps to protect themselves in precarious financial situations and avoiding the risks of being accused of wrongful trading
  • Formal insolvency procedures including working with a wide range of businesses from small owner managed businesses through to quoted companies.
  • Investigation cases undertaken for creditors such as HM Revenue and Customs
  • Expert witness work including acting as expert witness in the first case brought under the “moral hazard” legislation by The Pensions Regulator

Personal interests

In his spare time, Andrew enjoys music, playing rock guitar with various “Dad” bands and keeping fit!