We are placing focus on repayments, with particular attention on resolving the non-performing loan book.
In addition to the strengthened board, Lendy has appointed an advisory panel of independent insolvency practitioners, valuers and legal advisers with market leading credentials. Some of the firms that have been engaged are Middleton Barton as recoveries specialist, Duff and Phelps, Harrisons and SPF Group as insolvency practitioners and Walker Morris as legal counsel, who are also acting as advisor to our Recoveries Committee.
The Board and Recoveries team will receive case specific advice, taking our lenders’ best interests into account when looking at each non-performing loan. This is in addition to being fair, commercial, appropriate and defensible. Where this generates alternative exit strategies, these will be offered to lenders to enable the best possible outcomes.