Financial Advisory
Forvismazars
Full Credential Description
A large listed investment group engaged a financial advisory firm to execute a complex Members Voluntary Liquidation for a property development company involved in the construction of 315 build-to-rent units. The primary challenge was to facilitate the liquidation process while ensuring that the development could continue without interruption. The client aimed to distribute the development to shareholders immediately upon the commencement of the liquidation, avoiding the need for a sale, which is permissible under insolvency law. To address these challenges, the advisory team conducted extensive due diligence to assess potential liabilities and review complex agreements that could affect the liquidation process. This thorough preparation was crucial to ensure that the immediate distribution of the development could occur on the first day of the Members Voluntary Liquidation, aligning with the clients objectives. As a result of the meticulous planning and execution, the development proceeded without delays, allowing the project to continue seamlessly. The entire liquidation process was completed within 12 months, demonstrating the effectiveness of the tailored solution provided to the client.