Independent review facilitated a satisfactory return for the lender

BTG Advisory was appointed by the bank to undertake an Independent Business Review (IBR) of an independent school which was facing a number of issues, including ineffective management and processes.

Our team identified trading difficulties and bank risk as well as highlighting a staff to pupil ratio issue and cash flow pressure points.

The outcomes of the IBR allowed our team of restructuring specialists to develop and implement a successful strategy to ensure a satisfactory return for the bank, which was to manage the shutdown via a solvent route (asset sale).

This involved the team working with the bank and agents to facilitate cash requirements throughout the sale process and manage staff dismissal and funding packages through to shutdown, which ultimately ensured a suitable return for the bank.