The restructuring and recovery service is primarily associated with independent business reviews and insolvencies of distressed developments and contracting businesses within the construction industry. Our early involvement can help mitigate the risks facing companies within the construction industry, assisting and advising on the proposed exit strategy and maximising the recovery process.
Operating nationally, we provide a bespoke review service tailored to meet the requirements of the Client and can provide support to on-going monitoring reviews and health checks, as well as advice in respect of the sale or insolvency of distressed businesses or as going concerns.
Our service includes (but is not limited to) valuation of contracts (both in progress and completed), negotiation of final accounts including collection of outstanding debts and negotiation and assistance in novating existing contracts. Given the wider company's expertise, we are also able to assist Banks/Funding Institutions and Insolvency Practitioners in the build out of distressed developments, including more enhanced monitoring services, where appropriate.
Please see below our links to example process maps when assisting with an insolvent construction business or independent business review.
For further questions or to discuss in more detail how we may assist in distressed developments, please contact Chris Lester directly.