Construction Company - ReSolve Capital Partners

Construction Company

ReSolve Capital Partners

Construction Company

The Directors of our client, a well-established construction company, approached ReSolve following the insolvency of their business and the resultant demands from a variety of lenders against personal guarantees.

The Directors were firmly of the opinion that collections under the debtors’ ledger should have been sufficient to repay the lenders in full, thereby negating the need for any payment under the guarantees.

Working with the directors, ReSolve acted quickly to acquire the debtors’ ledger from the incumbent lenders and set about pursuing the outstanding debts.

In conjunction with the directors, ReSolve was successful in making recoveries from the ledger, resulting in the directors being released from all obligations under the guarantees and, in fact, being paid a ‘success bonus’ for their assistance in the collection process.

‘We were pleased to help the directors avoid liability under their guarantees and turn a worrying situation into a positive whereby they all walked away with a cash profit rather than a liability. This unusual situation clearly demonstrates ReSolve’s ability to be flexible and willing to help directors through challenging circumstances. ‘

Mark Supperstone. Managing Partner, ReSoolve

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