Cable Finance offers a quick and effective service to Insolvency Practitioners advising companies in financial distress.

Insolvency Practitioners make recommendations to their client to achieve the best outcome for all stakeholders. However, the existing Secured Creditor may not be prepared to support their recommendations because:

• the advising Insolvency Practitioner may not be authorised by the Secured Creditor to carry out insolvency work due to panel constraints; or
• the Secured Creditor may not be willing to provide the working capital necessary to enable the Insolvency Practitioner’s strategy to be implemented.

Subject to an assessment of the strategy and the underlying asset security, Cable Finance can replace the Secured Lender and provide the working capital required by the Insolvency Practitioner.

Cable Finance appreciates the urgency and time pressure needed to complete transactions quickly. Our case studies demonstrate the speed with which we operate.

Moreover, Cable Finance will always match the terms and conditions of the existing Secured Creditor to ensure that the creditors of the Company are not prejudiced by the refinancing.