Restructure and turnaround of distressed Tier 3 builder. Facilitated completion of three projects delivering outcome for principals and substantially reducing liquidated damaged claims to improve outcome for balance of creditors.
Tier 2 non-residential contractor contractor with government accreditations, 132 contracts at various stages all in a loss position. All contracts terminated by principals for default. Negotiated with principals for permission to complete some projects in order to bring in cashflow to cover debts. 100% return to financier and employees and a return made to unsecured creditors.