Restructuring & Insolvency

Independent Business Reviews

 

At Gallagher Keane, we deliver prompt and comprehensive business reviews of companies and individuals that are under-performing, in distress or in crisis.

Financial institutions, companies and stakeholders use our Independent Business Reviews (IBRs) to gain clarity on a company's current position and the options for its future.

Each IBR prepared by our experienced team is an objective and unbiased assessment of the state of the business, identifying key weaknesses and risks and what needs to be done. Our in-depth business reviews facilitate decision making, assurance and a quick turnaround.​

Our multi-disciplinary skill set - including corporate finance, debt advisory, restructuring and property - have the skills to cover all dimensions as part of the review process. This results in the production of a realistic and commercial business and restructuring plan.

You get a detailed report which sets out findings, recommendations and courses of action, with a clear and concise analysis of "work-out" options for the stakeholders, recommending optimal capital structures and mapping out the steps to sucessfull implementation.

The report includes:

  • A consolidated picture of total debt exposure

  • An assessment of the short and medium-term cash flow implications

  • An integrated financial model for projections based on key business drivers and assumptions

  • An assessment of the strength and capability of management and actions required by management

  • Recommendations on best practice corporate governance procedures

Property IBRs

 

Our firm has a deep knowledge of the issues involved in the property and construction sector and a strong understanding of the NAMA process and working with the banks.

We take a methodical and innovative approach to reviews of property assignments, providing independent, objective verification of the data and practical recommendations.

We assess the strength and capability of management and identify best practice corporate governance procedures. We produce a consolidated picture of the total debt exposure to all funders and assess the short and medium-term cash flow implications.

We develop integrated financial models for projections based on key business drivers and assumptions. We use our property experience to produce viable and realistic strategies for development and investment portfolios.

We ensure there is regular communication with the banks throughout the process and we provide a detailed report setting out findings, practical recommendations and courses of action.

We use a standardised template to report our findings, which ensures that all the deadlines can be met and we can offer a competitive pricing structure. This systematic approach simplifies the decision making process and is suitable for both large entities and SMEs.

Trading IBRs

 

Our team undertakes Independent Business Reviews (IBRs) of trading companies at the request of lending institutions or on behalf of the company directors and shareholders.

Our IBRs give an objective and unbiased, in-depth assessment of the state of the business, identifying weaknesses and risks, providing assurance and making recommendations. The ultimate aim is to ensure business continuity in difficult conditions, when a trading company is under-performing, in distress or in crisis.

Our multi-disciplinary team have the skills to cover all dimensions as part of the review process. This results in a realistic and commercial business and restructuring plan.

We ensure a quick turnaround of the IBR in order to give:

  • A consolidated picture of the total debt exposure to all funders

  • An assessment of short and medium-term cash flow implications

  • An integrated financial model for projections based on key business drivers and assumptions

  • A viable and realistic strategy for development and investment portfolios

  • An assessment of the strength and capability of management

With an IBR from Gallagher Keane you get a detailed report setting out the findings, recommendations and courses of action. This in turn helps financial institutions and stakeholders to gain clarity on the company's current position and future possible options.

An IBR is an essential part of the process of restructuring a company's debts or of determining whether the company should go into a formal insolvency process. Once the IBR is completed, we can then assist in the implementation phase, such as:

Liaising between the bank and the board of management or other stakeholders

Project managing industry specialists to assist with restructuring

Implementing best practice corporate governance procedures

Recommending formal insolvency options if appropriate

For further information please contact Colin Keane or Conor Gallagher at (01) 9695100