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NAMA related services

Working closely with the National Asset Management Agency (NAMA)

Services

Restructuring services

Examinerships, liquidations, receiverships - helping you get back to growth

When a company is facing financial problems, whether it concerns cash flow shortfall, falling sales or excessive debt, we deliver restructuring solutions designed to build a platform for swift recovery and sustained success.

Our team includes experts within the Irish examinership, liquidation and receivership market who are available for a free and confidential consultation (+353 1 417 2625).

How we can help

We have helped many struggling companies back on their feet and on a path to growth and prosperity. Our experienced professionals based at offices in Dublin, Cork, Limerick and Belfast will see you on your way to recovery.

Our services include:

  • Services for directors and business owners
  • Examinership
  • Liquidation services
  • Services for lenders
  • Receivership
  • Personal Restucturing/ Personal Insolvency

Services for directors and business owners

For a free consultation to discuss any of the above issues in confidence, please contact: David Van Dessel: T +353 1 417 8805 or email dvandessel@deloitte.ie or Warren Baxter: T +353 1 417 2625 or email wabaxter@deloitte.ie.
  

We can create and deliver robust turnaround strategies quickly and cost effectively.

By working with management, we ensure the recovery plan is a roadmap for achieving sustained improvement in operating and financial performance.

We have strong relationships with all the major banks which is invaluable when we are assisting you to negotiate and agree a recovery plan with your creditors.

We are experts in examinership, Ireland’s main corporate rescue process, and work closely with our corporate finance colleagues if new funding or investment is required.

In this difficult economic environment, sometimes a company cannot be rescued and an insolvency process, such as a creditors voluntary liquidation, is the most appropriate option. If it is, we will set out your options, explain what is involved and help you through the process.

We can also advise directors and business owners on the various debt solution options introduced under the Personal Insolvency Act 2012 and can work with you to develop solutions to achieve renewed financial stability. 

 

Examinership

For a free consultation to discuss any of the above issues in confidence, please contact: Warren Baxter: T +353 1 417 2625 or email wabaxter@deloitte.ie.

Where a company is struggling with excessive debt, but has a solid underlying business, examinership should be considered. Examinership gives companies breathing space to find fresh investment and put a proposal to its creditors.

It typically involves rents being reduced and a significant amount of the company’s debts being written off, enabling it to emerge from the process in a much stronger financial position. During the examinership the company is able to continue trading and the directors remain in control throughout the process.

We can advise the directors how to acheive this and act as Examiner to ensure a successful outcome is achieved.

For more information on our examinership services, please click here.

Liquidation services

For a free consultation to discuss any of the above issues in confidence, please contact: Warren Baxter: T +353 1 417 2625 or email wabaxter@deloitte.ie.

We have wide experience of the three most frequently used types of liquidation in Ireland: creditors’ voluntary liquidation; members’ voluntary liquidation; and High Court liquidation.

A creditors’ voluntary liquidation is frequently used by insolvent companies that have no reasonable prospect of survival. It stops the company’s creditors’ position from deteriorating and helps bring closure to an unsustainable position for a company and its directors, with all the attendant anxiety and stress.

Members’ voluntary liquidation is a process used to wind up a solvent company that has ceased trading or is dormant. It offers savings on ongoing audit and accounting costs and in management time previously taken up with the preparation of financial information and tax returns.

A High Court Liquidation occurs when the court puts an insolvent company into liquidation after hearing a winding up petition.  

For more information on our liquidation services, please click here.

Services for lenders

For a free consultation to discuss any of the above issues in confidence, please contact: Tom Kavanagh on tkavanagh@deloitte.ie and Ken Fennell: T: +353 1 417 8803 or email kfennell@deloitte.ie.

We carry out independent business reviews of borrowers on behalf of lenders to analyse drivers of cash flow and assess the viability of a business. 

We assess trade performance, business risks and where improvements can be made so that our reviews provide you with a clear view of the borrowers’ ability to service their debts and the restructuring options available.

The fact that our business reviews are quick, concise and cost-effective has proved very helpful to lenders when deciding what form a restructuring should take, whether it be a refinancing process or asserting security rights. 

We can also advise you on the best option to take and help you with the negotiation and implementation of the restructuring process to ensure that it is successfully achieved.

We work extensively with many of the major financial institutions, who find our expertise and experience invaluable in dealing with the challenges facing them. Our advisory roles, on behalf of lenders, include corporates such as Independent News & Media plc and Quinn Group.

Find out more in our restructuring advice brochure.

 

Receivership

For a free consultation to discuss any of the above issues in confidence, please contact: Tom Kavanagh on tkavanagh@deloitte.ie and Ken Fennell: T: +353 1 417 8803 or email kfennell@deloitte.ie.

If enforcement action is required we can act as Receiver. Prior to taking an appointment as Receiver we will agree a strategy with the charge holder to ensure that once we are appointed we can deliver maximum realisation for our client.

We work closely with specialist lawyers, asset managers and valuation agents, as well as our own in-house tax and corporate finance experts, to ensure that we achieve the best possible outcome for our clients.

Trading receivership
We deliver innovative and practical solutions for the charge holder. For instance, sometimes, a pre-packaged sale of a business or property may be the optimal strategy for the lender and the company.

In such cases, negotiations are carried out prior to our appointment with the key stakeholders. This enables these receiverships to proceed quickly and smoothly so that value is retained and jobs are saved.

Our knowledge of insolvency and our experience of trading in a receivership environment enable us to anticipate and mitigate many of the issues that arise on appointment. We have particular expertise in retail, manufacturing, hotels, property, waste management and construction.

Property receivership
For each appointment we prepare a bespoke strategy with a view to ensuring the best return to the charge holder, by a combination of maximising revenues, asset disposals and debt reduction.

We have also taken receivership appointments across a wide range of property portfolios, from single property holdings up to large multi-jurisdictional property portfolios.

Some of our more high profile receivership appointments include Hughes & Hughes, Waterford Wedgewood, Newcourt, Setanta Sports Group, Pierse Contracting and the Liam Carroll group of companies.

Personal Restructuring / Personal Insolvency

For a free consultation to discuss any of the above issues in confidence, please contact: Noel Browne: T +353 1 417 2200 or email nbrowne@deloitte.ie

Identify the most appropriate debt solution for you

The Personal Insolvency Act 2012 introduced a number of debt solutions to help individuals reach agreement with their creditors, thus restoring an individual to solvency.

Find out more about the various personal insolvency arrangements available under the Act.

Free and confidential consultation: +353 1 417 2625

David Carson

David Carson

Partner - Forensic and Restructuring Services

David leads Deloitte’s Forensic team. He has led i...More

David Van Dessel

David Van Dessel

Partner - Restructuring Services

David Van Dessel is a partner in our restructuring...More

Tom Kavanagh

Tom Kavanagh

Partner - Restructuring Services

Tom Kavanagh is the founding partner of Kavanagh F...More

Ken Fennell

Ken Fennell

Partner - Restructuring Services

Ken Fennell, is a Partner in our restructuring ser...More

Warren Baxter

Warren Baxter

Director - Liquidations and examinerships

Contact me for a free and confidential consultatio...More

Tom Doheny

Tom Doheny

Director - Corporate finance

More

Andrew Byrne

Andrew Byrne

Director, Restructuring Services

Andrew Byrne, previously of kavanaghfennell, manag...More

Noel Browne

Noel Browne

Senior Manager

Noel is a Senior Manager in Deloitte Restructuring...More

People

David Carson

Partner - Forensic and Restructuring Services

People

David Van Dessel

Partner - Restructuring Services

People

Ken Fennell

Partner - Restructuring Services

People

Tom Kavanagh

Partner - Restructuring Services

People

Warren Baxter

Director - Liquidations and examinerships

People

Michael Donoghue

Director

People

Tom Doheny

Director - Corporate finance

Contact us

Contact us via our online form

Submit RFP

Submit via our online form

Contact us

Dublin 2 Change location

Our three Dublin offices are:

Earlsfort Terrace, Hatch Street & Hardwicke House

Dublin 2

Ireland

Phone: +353 1 417 2200

Fax: +353 1 417 2300

Email: info@deloitte.ie