Lender’s concerns resolved by cross-sector expertise
When a lender had serious concerns relating to a shallow mine business it had lent to in Northumbria, they turned to Sam Payne
– our head of restructuring and insolvency – for advice.
A full security review was provided, as well as calling on the firm’s wider resources to provide a holistic approach to the issues at hand which went beyond solvency concerns. With the assistance of our planning, construction and regulatory teams, Sam and his team formulated a plan which included the appointment of administrators.
Jo Power, of FRP (previously ExWorks), said: “Sam is great at building relationships, has a strong knowledge of the marketplace and will make introductions to relevant third parties. He is proactive and very commercial, coming up with suggestions and solutions that we hadn’t thought of.
“Sam doesn’t just focus on the legal documentation, but also uses his mind to find ways forward. He is very down to earth and is never difficult to get hold of. Sam offers a genuine, partner-led approach.”