MDA Consulting and MDA/LC Mann are in a unique position, working with both ‘good
book’ lenders and with those parties dealing with distressed developments or insolvent
construction companies.
Our Independent Monitoring Team assist Banks and other
Funding Institutions on funded development schemes.
We act as their ‘eyes and ears’, advising predominantly
on the risks associated with the scheme and the ability of
the Developer to complete the scheme on budget and to
programme, monitoring the project as it progresses.
MDA/LC Mann are also able to draw from experience with
working with Banks, Asset Based Lenders and Insolvency
Practitioners in carrying out independent business reviews
or post-insolvency reviews, advising on the recoverability
of outstanding debts, ways in which to maximise
recoveries and assist the IP in the recovery process.
Chris Lester – Associate
E:
T: 0117 929 2641
M: 07776 148 658
CONSTRUCTION INSOLVENCY - CONT’D
Sources:
Construction News 29 April 2016
Construction Index 09 January 2017
The Guardian, Business News, 12 August 2016
BCIS Online
