Debt advisory group launched by MCR
Debt advisory group launched by MCR
- Paul Smith and John Hunt join MCR to establish MCR Debt Advisory group -
Restructuring and insolvency group, MCR, has launched a new Debt Advisory group, designed to work in partnership with corporate clients and their stakeholders as they identify effective and appropriate funding solutions.
Paul Smith and John Hunt head the new group. Prior to joining MCR, Paul was responsible for Bank of Scotland Corporate across Greater Manchester, Lancashire and Cheshire dealing with corporate clients in the £5M to £500M space.
John has over 20 years corporate finance experience gained in the accountancy profession and also in industry. He has wide international experience having worked for several years in USA and Scandinavia.
MCR Debt Advisory offers a bespoke service, initially investing the time with clients to fully understand their aspirations and funding requirements. From individually tailored strategy proposals through to working on negotiating facilities and agreeing terms and conditions with both current and prospective funders, its director-led team remain fully involved through to completion.
David Whitehouse, Partner, MCR, stated: "The team includes seasoned corporate bankers and corporate financiers with considerable experience in preparing and assessing bank credit applications, giving our clients invaluable advantage when securing a renegotiation of existing banking terms or the presentation of a re financing proposal to prospective new lenders."
MCR frequently become involved in situations where 'mediation' is required, often where the relationship between funders and the client has become strained. In such situations our primary objective is to get all parties comfortable and reach a mutually agreeable way forward, avoiding potential unnecessary refinancing and or due diligence costs.
The new team will not only work with corporate clients and their stakeholders to deliver the most effective and appropriate funding structures and solutions, but also with other MCR groups. This includes MCR Business Consulting, which will enable it to deliver a complete corporate advisory offering to clients that are not in need of restructuring or insolvency advice
About MCR
MCR was formed in April 2001 to offer turnaround, restructuring and insolvency services of outstanding quality to banks, lenders, business owners and individuals in the mid-market sector. It aims to provide the most practicable ways to resolve issues affecting business performance.
The firm has 12 partners who practice an ethos of high-level involvement to ensure that each assignment capitalises upon the expertise and knowledge of the whole team.
MCR regularly handles significant projects across a range of sectors and has been involved in a number of high profile cases. MCR is increasingly being asked to restructure businesses and find turnaround solutions to help companies avoid formal insolvency. Sectors include property, retail, financial services, manufacturing, printing, recruitment, hotels, leisure, automotive, telecommunications, music, entertainment and construction.
