Debt £2m
Instructed by a building contractor to provide a report on their options to recover outstanding monies due under a contract to build a 52,000 sq. ft. industrial building in Merseyside, comprising of warehouses and offices.
We engaged leading regional property agents to help identify specific property issues and provide disposal strategies.
We worked in conjunction with Leonard Curtis Legal to undertake a legal review to highlight any concerns which could affect the strategy to recover the outstanding monies.
Our report outlined the positives and negatives of a number of different strategies, including a number of formal enforcement processes, together with our recommendations. This allowed the contractor to make an informed decision, which resulted in full repayment of the outstanding monies.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.