On our bike...
Posted by Morgan on 20th Oct 2008
Ellandi has been covering a lot of miles of late. We have been assisting an international bank in reviewing its exposure to the UK residential market and specifically a number of mid size regional builders.
Having made numerous site inspections, some with the developers and some as mystery shoppers, we were able to produce a comprehensive report that allowed the bank to develop a realistic view of its current security position. We provided advice on potential realisation options and assisted in formulating specific business plans with those lenders that the bank intends to support.
This project required us to work under a tight frame and with absolute discretion. Our small team, extensive experience in the house building sector and background as a developer allowed us to produce a comprehensive and practical report for use by the credit team, relationship managers and senior management at the bank.