Turnaround & Recoveries
Early Warning & Covenant Monitoring
The cheapest workout is the one that never becomes one. We monitor covenant compliance and early-warning indicators across live facilities, watching the leading signals of stress so that deterioration is caught while it is still manageable. When something moves in the wrong direction, we flag it to lenders and sponsors early and clearly, and we set out the options to act. Across facilities in the £10–100m range, disciplined monitoring is the quiet work that prevents the expensive kind later.
What This Involves
Covenant Compliance Monitoring
We track compliance with financial and information covenants across live facilities, so breaches are anticipated rather than discovered after the fact.
Early-Warning Indicators
We monitor the leading indicators of stress, from cash headroom and tenant health to programme slippage, spotting deterioration while it is still manageable.
Portfolio-Wide Visibility
We provide a consistent view across a book of facilities, letting lenders and sponsors compare positions and prioritise attention where it matters.
Timely Flagging
We flag concerns to lenders and sponsors early and clearly, giving decision-makers the time that turns a difficult situation into a solvable one.
Intervention Options
When indicators turn, we set out the intervention options available, connecting monitoring seamlessly to the wider turnaround and recoveries toolkit.
Part of our Turnaround & Recoveries practice, led by Charlotte Coates.
Want to see problems coming?
Early monitoring is the least expensive protection a lender or sponsor can buy. Talk to us about covering your book.
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