A Pre-examinership workout is effectively an examinership without court backing. Working with one of our own Associates, or in partnership with an Accountancy Practice or Liquidation Service Providers, a comprehensive turnaround plan is prepared for the business. In addition to financial analysis and projections, the plan covers a revised strategy for the business and operational changes to be introduced.
Once a viable plan has been agreed with the Client, a process of negotiation is commenced with an agreed list of significant suppliers in order to achieve the level of debt-write-down necessary to sustain the business. We assist clients to prepare for negotiations and where require we participate in face-to-face meetings with Suppliers.