After a successful outcome we are moving forward on the basis of his proposals.
Andrew Fraser, Chairman of manufacturing company
Areas of operation:
BM&T Hellas cooperation partner Critical Solutions led on the restructuring of the company, with the agreement of the main creditor (Eurobank). The debt was renegotiated down in order to be sustainable. Assisted on developing new markets and the implementation of new technological tools to attract customers. Carried out a full assessment of and recommendations on management practices.
Filed for article 106B protection. Liabilities were restructured including a successful haircut agreement. Leasing of operations was assigned to a specialist hotel management company.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.