Appointing a receiver

A receivership appointment is made by a General Security Agreement holder to protect their advances secured over a company’s assets.  In this role the receiver has a prime responsibility for the safekeeping of assets secured by the General Security Agreement charge and for their orderly realisation in order to repay the loan. 

Wherever possible a sale of the business as a going concern is the prime objective of receivers, since this should achieve the best recovery from the assets while protecting as far as possible the positions of creditors shareholders and staff.

The receiver must of  course remain cognisant of the exposure of unsecured creditors.  Where appointed as receiver it is always our goal to leave creditors in a better position as a result of our intervention. Our approach is tailored to providing a timely recovery for General Security Agreement holders, while protecting as far aspossible, the value of the assets remaining in the company for creditors and shareholders.