We work with lenders to assess the current position and future prospects of underperforming debtor companies.

We work to find, and then implement, the option which best matches the requirements of all stakeholders.

In a challenging environment often characterised by “unwelcome surprises” and ”misunderstandings” between lender and borrower, our services include:

§         diagnostic/investigating accountant’s reviews to identify the reasons for underperformance, the options for improvement, and the financiers’ options;

§         assessment of restructuring proposals and identification of alternatives;

§         assessment of the security and collateral position and options analysis;

§         contingency planning;

§         assessment of the management team; and

§         facilitation of inter-creditor negotiations and deal closure.

Lenders’ decisions on how to move forward are most often based on forecasts for the future performance of the operation. Forecasts prepared by management teams will invariably show improvement, so independent assessment typically improves the decision making process and the prospects of a successful result for all stakeholders.

Our extensive experience means that we can quickly review forecasts and comment on:

§         the process used to prepare the forecast;

§         the key internal and external assumptions used to drive the forecast;

§         the key risks to the achievement of the forecast;

§         the translation of profit to cash; and

§         whether the forecast is a stable basis on which to base a workout strategy.

Our forecast reviews can be conducted in isolation of the other services offered to lenders as a first step, with further work only undertaken if deemed necessary by stakeholders.

Case studies

§         Project Friday

§         Project Darling

§         Project Refinance

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