Credit and lending is a pivot part of business, essential to enable companies the capital to set up, scale and grow.
Unfortunately, businesses can incur difficulties and may either choose not to or be unable to repay that debt. In such circumstances, the secured lender needs a mechanism to recover its debt. Receivership is a tool that facilitates that recovery.
A secured lender can appoint a receiver to their secured assets whereby the receiver will take control of those assets and undertake a realisation process to realise funds and discharge the associated debt.
Depending on the type of business and security in place, there are a number of potential options available to secured lenders. Our experts will discuss the options available and set out a comprehensive analysis and recommendation to maximise the recoveries as efficiently as possible.
Why Grant Thornton
Grant Thornton boasts a proven track record in successfully managing receivership appointments from single properties / assets to large corporate group trading receiverships.
Our experts have invaluable experience we have gained from working on some of Ireland’s largest receiverships across all industries;
- We have acted as receivers for over 10,000 single property appointments over the last 10 years.
- We have as receivers on a number of high profile trading receivership, such as the Burlington Hotel, Cork International Airport, Drogheda Leisure Centre, amongst others.
- We have developed out a number of construction engagements including the development of the Bord Gais Theatre, The Point, the Exo Building and numerous large scale residential property developments throughout Ireland.
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