A client whose main business was exporting was faced with the prospect of a bad debt by an overseas customer, on the verge of liquidation.
The only viable solution was to acquire the overseas business and property for the value of the debt. This minimised the impact for the Scottish company, allowing trading to continue and potential bad debt to be re-classified as an investment.
We assisted our client with the organisation and the financing of the overseas business and helped them achieve a managed withdrawal from the overseas venture.