Turnaround & Recoveries
Challenged Asset Troubleshooting
When a position starts to slip, the first job is to understand it properly. We provide rapid portfolio triage that separates distressed, stressed and stable assets, maps lender and stakeholder exposure and assesses the domino risk running through the structure. From there we lead negotiations directly with the lender's restructuring team, securing the standstill and forbearance that a considered workout depends on. On facilities across the £10–100m range, clarity delivered early is what protects value later.
What This Involves
Rapid Portfolio Triage
We move at pace to sort a portfolio into distressed, stressed and stable assets, giving lenders and sponsors a clear-eyed view of where the real problems sit and where they do not.
Exposure Mapping
We map lender and stakeholder exposure across the structure, so every party understands who is owed what, on what terms and against which security.
Domino Risk Assessment
We identify cross-default triggers and contagion paths, assessing how a single failing asset could pull otherwise sound positions into difficulty.
Standstill and Forbearance
We lead negotiations with the lender's restructuring team, securing standstill and forbearance arrangements that create the breathing space a workout needs.
Stakeholder Negotiation
We act as the calm, credible lead across borrowers, lenders and advisers, keeping conversations constructive when tensions are running high.
Action Plan and Priorities
We convert the triage into a prioritised action plan, focusing effort on the interventions that protect the most value in the shortest time.
Part of our Turnaround & Recoveries practice, led by Charlotte Coates.
Facing a challenged asset?
The earlier we look, the more options remain on the table. Talk to us about a rapid triage of your position.
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