Ellandi Completes Cashflow Review for Residential Developer
Posted by Morgan on 10th Nov 2008
Ellandi has completed a financial review of a major developer that operates in the high end residential market.
The business, with assets of £180m, brought in Ellandi as a consultant to undertake an emergency analysis of its liquidity position. It feared it would shortly be unable to meet its debt obligations, as sales volumes and asset prices fell during H2 2008.
Ellandi worked intensivle to review the business' cashflows, future projections and ongoing liabilities. We were then able to provide strategic advice in regards to how the business should operate in order to conserve cash and access new funds. This enabled the company to approach its banks with a comprehensive restructuring proposal that were supported by a disparate group of banks.