Financier Worldwide article discussing how to address the financial and operational challenges caused by COVID-19 with Alan Tilley, David Bryan and Matthew Quade at BM&T European Restructuring Solutions. Download the article as a PDF here
The economic consequences of the Coronavirus epidemic have heavily impacted stock markets worldwide as investors quantify and manage the risks in underlying businesses often by quickly disposing of their investments. Whilst investors can liquidate their positions quickly the challenges for business managers run deeper. Decisions take longer to impact results and can be overturned by […]
British Steel Supply Chain under extreme financial pressure. Early action by SME’s is needed to manage risks.
Nearly one third of companies filing for insolvency do so as a result of a bad debt and lost sales from a major customer insolvency. Small to medium sized businesses with smaller financial reserves are the most vulnerable. Cash becomes king and all attention should be on liquidity management as events unfold and the business […]
The case for the defence of consensual distressed restructuring Politicians will leap on the bandwagon to blame Greybull for the compulsory liquidation of British Steel and the potential loss of thousands of jobs, not to mention the demise of a strategically important supplier. But before joining the chorus attacking the entrepreneurial investor and its 2016 […]
New publication Turnaround Management; Unlocking and Preserving Value in Distressed Businesses. By Alan Tilley Buy the book ISBN 9781787421684 An independent review: – by Professor Dr Bob Wessels; Independent Legal Counsel and Advisor & Professor of International Insolvency Law, University of Leiden 2007-2014 BM&T are immensely grateful to distinguished academic and legal practitioner Bob Wessels […]
The UK restructuring market is enjoying a mini boom in retail and casual dining distress. Jamie’s Italian is now joining the list of overleveraged and over populated chains in seeking relief from leasehold obligations through a Company Voluntary Arrangement (CVA). Prior to the travails of Patisserie Valerie, Carluccio’s, Byron and Prezzo et al, we had […]
Despite reports suggesting a complex fraud including collusion with suppliers, it is implausible that senior management should not have seen some warning signs that things weren’t right at Patisserie Valerie. EBIT margins of over 15% compared to competitors making half that and against a backdrop of stress on the high street should have raised red […]
What is it with RBS that they are so keen to hide in the GRG saga which unscrupulously damaged so many viable businesses? Today the Times reports that The Financial Conduct Authority continues to resist calls from MP’s and affected business owners to disclose the full results into its review of the scandal-hit Global Restructuring […]
Consensual restructuring continues to gain ground as the “go to process” for over leveraged and distressed business.
Half year 2017 statistics from UK and USA on insolvencies and Chapter 11’s show a continuing downward trend from an already low base in these countries. What activity there is focuses on the usual suspects; oil and gas, shipping and retail, but the absence of corporate restructuring in formal process in services, IT and […]