Distressed Asset Recovery
Financial difficulties can stalk even the best planned and executed construction projects.
While the symptoms may be clear – a cost or schedule overrun, a contractor insolvency or a lender’s refusal to release further funds – the causes tend to be varied and complex.
When things go wrong, getting expert, independent advice is essential – and this is where our founder Gareth Belsham excels.
Gareth has more than three decades of project experience, and is able to unpick even the most intractable problems to provide pragmatic solutions for both lenders and Insolvency Practitioners appointed as administrators.
Salvaging a distressed project is complicated, specialist work and there is no one-size-fits-all solution. When called in to help, our asset recovery team will typically take the following steps:
Assessment and triage: We start by unpacking and understanding what has gone wrong, where the pain points are and which need the most urgent attention
Recovery planning: While our goal is always to achieve maximum value for our client, we tailor our solution to their needs and priorities, and approaches could include:
A complete turnaround and build out, in which we step in as Project Manager and Employer’s Agent – recruiting trusted contractors to complete the works to the required standard while keeping costs under constant control
De-risking and restructuring, in which we carry out a thorough analysis of the project’s assets and liabilities, and identify any elements which can be sold off to generate funds and make the project more investable