Christie + Co

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09 September 2010

First-time buyers assisted with Essex freehold pub acquisition

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Insolvency Services

Many businesses falter as a result of a challenging economic climate. We are able to offer a range of bespoke solutions to distressed businesses.

We have an impressive bank support and business recovery pedigree, and supported hundreds of banking and insolvency cases during the last recession. We employ experienced market specialists who are recognised as leaders in their fields. Working alongside specialist insolvency practitioners and business support units, we are able to respond to corporate restructuring, receivership and insolvency situations by offering intelligent valuation and disposal advice. When considering individual unit disposals, we are often able to recognise the potential for redevelopment or conversion - which frequently secures a higher price.

We focus on providing timely advice to reduce liability and enhance asset value, and provide support and decision-making assistance - whatever stage of distress the business has reached.

Recovery Newsletter

 

Stage one - addressing initial bank concerns

  • Business showing signs of distress
  • Business would benefit from some specialist advice
  • Need to recommend corrective action
  • Might be possible to introduce an investor
  • Might be able to persuade the owner to sell the business - while it is still trading
  • Make every effort to keep the business operational

How can we help?

  • Market overviews
  • Discreet business inspections
  • Informal portfolio review
  • Operational audits
  • Provision of advice to business owner/operator
  • Formal valuation
  • Introduction of potential investors (wherever possible)
  • Marketing assistance, with bank support

Stage two - proactively supporting the bank

  • Business in serious distress
  • Too late to offer turnaround advice
  • Bank actively involved in keeping the business operational
  • Need to market the business while it is still trading
  • Need to help facilitate a successful exit for the bank

How can we help?

  • Formal portfolio review
  • Formal valuation
  • Comprehensive review of business performance
  • Marketing advice
  • Consider HAUV (Higher Alternative Use Value) options
  • Advise on the transfer or sale of debt

Stage three - insolvency situations

  • Business placed in receivership or administration
  • Assistance with sourcing alternative operator
  • Advising recovery specialists
  • Possible closure to HAUV

How can we help?

  • Valuations in default
  • Interim management
  • Asset management advice
  • Inventory preparation and valuation
  • Stock check and valuation
  • Marketing and disposal
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