Solutions to Problem Loans
When a company defaults on its loan obligations, you as
lender will need to urgently find out the answers to two important questions.
Gerard Hulst & Associates can prepare an independent Security
Evaluation Report (normally completed within three to seven days) with the
extent of the review tailored to the lenders and/or clients needs.
We can report on
The client's current financial position
The extent of external liabilities, priority creditors and
the attitude of unsecured creditors
Reliability of financial statements and accounting data
Our review of budgets and cash flow forecasts
Priority areas for corrective action by the borrower
The best ways to maximise recovery on assets in the event
that the business ceases to trade
On-going review will
provide feedback to the lender and client on the effectiveness of corrective
action, together with an early warning of possible deterioration in the
borrower's financial position.
Limited Scope Reviews
A Limited Scope Review can be prepared before you advance money or to check on
the adequacy of asset security. Based on your requirements, the review can focus
on a specific asset group, e.g. stock and/or debtors.
Hulst & Associates can advise as to ownership, valuation, and existence of these
highly mobile assets.
event of a default under a debenture, the debenture holder can appoint a
Receiver and Manager to take control of the company assets.
at Gerard Hulst & Associates can advise you in all aspects of receivership
appointments, whatever the size of company. We offer a comprehensive service on
With our unique approach and competitive fee
structure, we can ensure that the receivership will maximise the value of the
assets available and minimise costs.