A local steel fabricator and hardware retailer in financial difficulty needed a short-notice valuation of its assets to support a proposal in relation to a debt restructuring process as part of a Creditors Voluntary Arrangement (CVA).
What We Did
Griffin James made a thorough assessment of the tangible of the business in an extremely compressed timescale to meet the required timescale.
To our clients delight, our valuation supported the proposed insolvency process and the business was able to continue trading, while making monthly payments to its creditors to settle its debts over time.
The case highlighted the ability for us to work with directly with business owners in support of business restructuring.