Receiverships
At FGS we believe that relationships are an extremely important element in achieving a successful outcome to a receivership. We respond to our clients’ organisational style and we understand the commercial challenges that they face.
Our clients are principally financial institutions and debenture holders, and we have conceived innovative solutions to complex problems.
FGS has the skills and knowledge to tackle complex receivership projects, having managed significant receiverships in recent years. Our corporate restructuring and insolvency team has considerable expertise across a variety of sectors, including:
- Property
- Construction
- Technology
- Leisure
- Manufacturing
- Automotive
- Distribution
- Services
- Tax-based developments
Recent assignments
Our recent receivership work has included:
- BDS Security Management, a provider of electronic and static security services: collection of debtor balances and sale of property (ongoing assignment)
- William Phelan: receiver assumed the role of developer at this upmarket mixed residential, gated housing development in Kilkenny city, and is currently completing out construction of units (ongoing assignment)
- Delphi Spa Resort: receiver traded the world-class hotel and spa resort in Leenane, Co Galway, for four-month period to facilitate sale as going concern
- Comer group of companies: a significant textile manufacturing companies with extensive plants in Donegal and Kilkenny. Receiver conducted post receivership trading for eight-month period to facilitate orderly sale of assets optimising recoveries for all stakeholders
Related links
For details on related services see: