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Thank you for making a difficult time in our life easier to deal with.

- Grant Thornton client

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Thank you for making a difficult time in our life easier to deal with.

- Peter B

» Read success stories

 

When do Lenders need us?

Any of the following symptoms can lead to increased risk for you as a lender. We have the experience and resources to assess how great the risk may be and whether the symptoms can be managed:

1) Unsatisfactory financial reporting

  • Late financial statements

  • Year end financial statements significantly different from interim financial statements

  • Unexplained difference between actual and forecast

  • Sudden changes in accounting policies, e.g., deferral of R&D and marketing costs

2) Deteriorating financial results

  • Increase in losses

  • Decline in gross profit percentage, sales and earnings

  • Overhead costs uncontrolled

  • Debt to equity ratio too high

  • Overheads too high and increasing

  • Bad debts

  • Decline in new orders

3) Under-capitalization

  • Over expansion financed by debt

  • Insufficient working capital

  • Erosion of capital by ongoing operating losses

4) Breach of loan covenants and security margins

  • Delay or failure to report breach

  • Renegotiation of loan covenants

5) No business plan

  • No mission statement/objectives

  • Lack of budgetary control

  • No realistic income and cash flow forecasts

6) Change in senior management

  • Members of senior leadership have resigned or been terminated;

7) Industry repositioning

  • Technology inspired shift in consumer patterns

Services

We work with lenders in many situations and typically provide the following services:

  • Act as consultant to assess the seriousness of the early warning signs in the non-producing or special loans portfolio;

  • Perform consulting assignments to assess the company's viability, business plan and prospects;

  • Act as advisor when one of its clients has sought protection under insolvency legislation;

  • Act as the lender's agent to recover under its security, including acting as receiver, receiver/manager, agent, or liquidator or Licensed Insolvency Trustee

 

 

© 2017 Grant Thornton Limited, Licensed Insolvency Trustees. All rights reserved.


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