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Asset Recovery Case Studies

Funding
Klick Munro
Property: Klick Munro dry cleaning and photography business
Administration
Client:

KPMG

  • Conducted the valuation of 324 retail units, their fixtures and fittings and the plant and machinery at a processing plant and dry cleaning plant.
  • Reviewed the property leases to identify any value held.  KPMG subsequently sold 182 of the retail units and the fixtures and fittings from all 324 units as a going concern to a single purchaser.
  • Conducted an on-line auction for the plant and machinery.


Duncarse

Property: Duncarse Ltd & Duncarse Riverside Ltd residential developer, Dundee
Administration
Client:

PricewaterhouseCoopers

  • Provided advice on the best sale prices achievable for various assets, including a large residential development site, a childrens’ nursery investment, an office investment with development potential and a commercial development site.
  • Prepared and implemented marketing campaigns tailored to each individual asset.
  • Set closing dates, received and reported on offers and liaised with solicitors resulting insales being completed on the majority of assets at or above price expectation.

Manorlane

Property: Manorlane residential developer
Administration
Client:

KPMG

  • Valued and sold by private treaty all building equipment and materials including marketing suites and plant.
  • Assessed the planning potential of the sites and provided indications of the estimated capital realisation for the disposal of each site.
  • Provided marketing recommendations to maximise value and put the sites on the market.
  • Advised on security and health & safety compliance and conducted general landscaping, repairs and supervision.

Highmore Homes
Property: Highmore Homes residential developer
Administration
Client:

Ernst & Young

  • Valued and sold by private treaty all building equipment and materials including marketing suites and plant.
  • Assessed the planning potential of the sites spread across Scotland and England and made recommendations for the best course of action to cement statutory consents.
  • Made detailed enquiries to assess the true value of the sites.
  • Provided marketing recommendations to maximise value and put the sites on the market.


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