Administrative receivership of group of five companies

Quantuma oversee a hostile Administrative Receivership of a group of five companies.

Overview:

  • Hostile administrative receivership of group of five companies
  • Diverse portfolio comprised derelict buildings with squatters, new business park, listed buildings, undeveloped land, investment properties, buildings without planning
  • Bank initially facing potential losses of £8m

Investment:

  • Bank of Ireland were sole secured creditor owed circa £16m

Outcomes:

  • Realised portfolio over four years holding selected properties longer term with rental incomes servicing debt
  • Bank losses limited to £5m

 

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