Confidential Client – Construction – Solvency Review
Appointed by the directors to undertake a solvency review of a large construction company. The directors were concerned that management was having significant difficulties in accurately forecasting cash flow, which was problematic for the company’s ability to set strategic targets and improve growth, and which raised the prospect that the company may be trading whilst insolvent. Our review concluded that the company was solvent. In addition, we provided recommendations to improve the finance function to enhance the cash flow forecasting process.
Confidential Client – Software Technology – Solvency Review
Appointed by the major shareholder and directors of this Software Technology company to undertake a solvency review of the company, as the directors were concerned that they may be exposed to personal liability if the company was trading whilst insolvent. Based on our report, which determined that the company was solvent at that time, the directors proceeded to trade the company while exploring a sale of the business.