The examinership process is used by a company in financial difficulty to reach a legally binding agreement with its funders and creditors so it can continue trading.
Examinerships allow management and other stakeholders time and space to rescue the business, working in conjunction with the examiner to formulate rescue plans. Throughout the process, the business can continue to trade and is afforded protection from its funders and creditors.
When a business goes into examinership it can cause significant challenges, disruption and stress for creditors, staff, directors, shareholders, financial institutions and state agencies.
At Kroll, we focus on meeting these challenges by managing the process professionally, efficiently and effectively.
Our team is skilled in examinerships and administrations and has facilitated the restructuring of a diverse range of businesses through the examinership process. Our experience, knowledge and project management skills are particularly relevant to all parties involved, as the process can be complex and time consuming.
Kroll has a sizeable Restructuring team with proven experience and expertise in the examinership process. Our sector-specific examinership experience includes hotels and hospitality, manufacturing and retail. We can guide you through the planning process, execute the scheme and advise on all related matters.
At Kroll, we are committed to turning ailing businesses around.
Kroll's Business Advisory team aims to help directors, lenders and stakeholders maximize value by providing hands-on practical turnaround guidance and support.
Kroll Debt Advisory works in partnership with corporate clients and their stakeholders to ensure the most effective and appropriate funding solutions are in place. We aim to become the 'trusted advisor' to clients and lenders alike.
In an ideal scenario, businesses can reorganize themselves through voluntary agreements and re-negotiations with creditors. When this is not possible, schemes of arrangements can be used as an independent process to maintain business and continue trading.
At Kroll, we believe relationships are an extremely important element in achieving a successful outcome to a receivership. We respond to our clients’ organizational style and we understand the commercial challenges that they face.