Tom Stockley

Tom Stockley helps clients to safeguard their interests when a business finds itself in financial difficulty.

Tom advises on all areas of insolvency, corporate recovery, restructuring and banking arrangements. Acting for stakeholders (financial institutions, insolvency practitioners, and companies/boards of directors facing financial difficulties), he is well versed in the fast-changing momentum that defines this area of work, and used to changing tack quickly in situations that are constantly moving.

In the restructuring arena, Tom regularly advises banks and other corporate clients on the restructuring of their facilities, reservation of rights and amendments in relation to companies in distress. Tom takes on a true supporting role and always aims to give clear, concise, and time-sensitive advice in what can be a high pressure environment.

Tom is also experienced in "good book" banking work, bringing to his clients an in-depth experience of their world from time spent in-house with two major financial institutions. He also has extensive experience in reviewing and negotiating derivative documentation such as International Swaps and Derivatives Association (ISDA) and Global Master Repurchase (GMRA) agreements.

The businesses that Tom works with can be of any shape or size, from small manufacturers to global conglomerates, and everything in between. One of the implications of this is the need to feed in from many different areas of law to put together a package that is going to work for each unique client. A business could be Intellectual Property (IP) heavy, have a large investment in real estate and have a large number of employees that they need advice on. Being able to pull in advice from all areas of the firm, effectively project manage that input, and having at least a surface understanding of the many periphery areas of law that might be needed is an extremely important aspect of his role.

Tom previously worked in-house with two well-known financial institutions, both in a legal team and outside of it. It means Tom understands both how an in-house team functions and the pressures they face (which really are different to private practice), but also how that type of business views the world at a wider level and what they're concerned about. Often one of the hardest and most interesting parts of our job is spotting the one or two things that actually matter to a client, and not just focusing on all the little things they don't really care about.


The restructure of UK Coal really did feel like we were getting involved with a bit of British history as it went through a significant change.

The restructuring of Manganese Bronze (makers of the classic London black cab) was interesting not only from the perspective of it being a high-profile brand, but also for the deal itself. We worked very closely with the administrators and it was the best example of what can be achieved when you really do work completely alongside a client as one team. We were very much a part of what they were doing, which made it a great experience.

Acting for the purchaser of the Worldstore and Kiddicare businesses from administrators. A complex transaction which ultimately delivered a strategic imperative for the client.


The full range of stakeholders that can be involved in insolvency and corporate restructuring transactions, including banks and other lenders, insolvency practitioners and receivers, and companies/boards of directors facing financial difficulties (or who wish to avoid facing them in future).


  • Helping to secure the future of a British icon, acting for the administrators in the restructuring of Manganese Bronze (the makers of the 'black cab' London Taxi) as part of a wide cross-firm team.
  • Assisting Harworth Estates in relation to several stages of the restructure of UK Coal, a complex and high-profile project involving the Pension Protection Fund, the Coal Authority and Coalfield Resources plc.
  • Advising a supplier of a major automotive manufacturer in negotiating the funding arrangements with the manufacturer to ensure continued production of business critical parts and an orderly wind down of the supplier's business.
  • Advising a well-known high street retailer on its syndicated derivative documentation including complex intra-group derivative arrangements.
  • Advising the board of an Special Purpose Vehicle (SPV) service provider in a significant infrastructure project when disputes arose between the commissioning authority and the service provider, including interfacing with the client's lenders.
  • Acting for a financial institution on the receivership of one of the most expensive residential dwellings outside of London. Tom advised in respect of the institution's security, dealt with the assignment of the bank debt and security and the appointment of the receivers. He subsequently also advised on security and appointment related matters which arose during the course of the receivership.

Career & Recognition

Filter timeline:
  • 2020

    • Career
      May 2020
      Gowling WLG (UK), partner
  • 2019

    • Career
      July 2019
      Gowling WLG (UK), director
  • 2016

    • Career
      July 2016
      Gowling WLG (UK) LLP, principal associate
    • Career
      Gowling WLG (UK) LLP, senior associate
  • 2015

    • Career
      Wragge Lawrence Graham & Co, senior associate,
  • 2014

    • Career
      Deutsche Bank, assistant vice president
  • 2009

    • Career
      Wragge & Co LLP, solicitor - associate
  • 2005

    • Education
      College of Law, Birmingham, LPC
  • 2003

    • Education
      The University of Birmingham, GDL
  • 2000

    • Education
      University of Manchester, Management and Chemical Sciences