Relaunch construction supplier following bankruptcy

Client: Director-major shareholder

Industry: Construction trading company

A local supplier of construction-related products (20 staff) was facing continuity issues due to the economic crisis (felt by its customers) and with sales down.  With an insolvency advisor Nederhof oversaw the relaunch of the slimmed-down company, conducting the price negotiations with the receiver. Time was of the essence. Nederhof analysed the exact status of the estate and of the creditors. With this information, the bid could be substantiated, giving the receiver enough to go on and take a decision within a short time frame.

Facilitated by the receiver, the company was successfully relaunched.