Pre-Pack Business Finance

Lines Henry are experienced in most areas of turnaround and corporate finance.   We can arrange Pre-Packs on behalf of our clients, if required.

At Lines Henry we adhere to the code of best practice as stipulated in the Statement of Insolvency Practice 16 which sets out the process that Administrators have to go through to justify a Pre-Pack sale.

The term Pre-Pack refers to an arrangement under which the sale of all or part of a Company’s business or assets is negotiated with a purchaser prior to the appointment of an Administrator, and the Administrator effects the sale immediately on, or shortly after his appointment.

Our incentive is “rescue” rather than “burial”. As part of the Pre-Pack process we achieve the most desirable outcome for our clients.

We will work with our clients to achieve an understanding of their business and the issues that have led to the Company’s financial predicament.  Armed with this information, we are then able to give practical and informed advice on the options available to the Company.

Our role in arranging a pre-pack is fundamental, and will include:

  • Advising the troubled Company of the options available.
  • Preparation of financial models to ensure that the new Company will be viable.
  • Sourcing funding for the phoenix Company.

We can help source innovative funders who are sympathetic to the Pre-Pack concept and are aware of the commercial necessity to complete the deal expeditiously.

Call Lines Henry on Freephone 0800 012 6649 for free Confidential Advice.