Services for lenders
Business reviews and lender advisory services
We carry out business reviews for lenders to analyse drivers of cash flow and assess the viability of a business.
We assess trade performance, business risks and where improvements can be made so that our reviews provide you with a clear view of the borrowers’ ability to service their debts and the best options available.
The fact that our business reviews are quick, concise and
cost-effective has proved very helpful to lenders when deciding what form a restructuring should take, whether it be a refinancing process or asserting security rights.
We can also advise you on the best option to take and help you with the implementation of the restructuring process to ensure that it is successfully achieved.
We work extensively with many of the major financial institutions, who find our expertise and experience invaluable in dealing with the challenges facing them. Our advisory roles with lenders include Independent News & Media and the Quinn Group.
Receivership
If enforcement action is required we can act as Receiver. Prior to taking an appointment as Receiver we will agree a strategy with the charge holder to ensure that once we are appointed we can deliver maximum realisation for our client.
We work closely with specialist lawyers, asset managers and valuation agents, as well as our own in-house tax and corporate finance experts, to ensure that we achieve the best possible outcome for our clients.
Trading Receivership
We deliver innovative and practical solutions for the charge holder. For instance, sometimes, an arm's length pre-packaged sale of a business or property may be the optimal strategy for the lender.
In such cases, negotiations are carried out immediately prior to our appointment with the key stakeholders. This enables these receiverships to proceed quickly and smoothly so that value is retained and jobs are saved.
Our knowledge of insolvency processes and our experience of trading in a receivership environment enable us to anticipate and mitigate many of the issues that arise on appointment. We have particular expertise in retail, manufacturing, hotels, property and construction.
Property Receivership
For each appointment we prepare a bespoke strategy with a view to ensuring the best return to the charge holder, by a combination of maximising revenues, asset disposals and debt reduction.
We have also taken receivership appointments across a wide range of businesses and property portfolios, from small enterprises and single property holdings up to large multi-jurisdictional corporations.
Some of our more high profile receivership appointments include Hughes & Hughes, Waterford Wedgewood, Newcourt, Setanta Sports Group, Pierse Contracting and the Liam Carroll group of companies.
If you would like a free initial consultation to discuss business reviews or receiverships, please contact:
David Carson, Partner: + 353 1 417 2513 or dcarson@deloitte.ie
Michael Donoghue: +353 1 417 2933 or mdonoghue@deloitte.ie
Lorcan O’Connor: +353 1 417 2943 or loconnor@deloitte.ie
Complete confidentiality is assured.
Contact us
David Carson
Partner
T: + 353 1 417 2513
