ASSET MANAGEMENT
Why Richmond Advisory?
With over 14 years’ experience working closely with lenders, our property and asset management team is here to help. We recognise each case is different and that’s why our team invest the time and effort to understand the unique factors, tailoring our recommendations and service to generate the best possible outcome. Whether the case moves to receivership, administration or possession, we maintain full ownership, so that you can be confident everything is in safe hands.
Our specialist areas:
Asset management
There can be situations where the most effective approach is to work in conjunction with a borrower in order to expedite an on-going sale, re-finance or other exit strategy. Provided cooperation is forthcoming and evidence is obtained, we can engage as asset managers rather than using receivership or administration, in order to reduce delays and costs.
Receivership
If the property is occupied by anyone other than the borrower then it may be necessary to proceed with the appointment of a receiver who can establish occupancy status, collect rent and deal with the tenant. Our team have experience in providing a comprehensive yet flexible solution for our clients.
Administration
If the borrower is a limited company and a floating charge is in place, a lender is entitled to appoint an administrator, who can take control of all assets and decide how best to realise them. Our team are able to undertake administration should the case need to follow this route.
Possession
If the property is occupied by the borrower then you will need to follow the litigation route in order to obtain control of the asset over which you have a legal charge. Once a possession order is granted we can enforce and take control of the property on your behalf, handling all matters including security, clearance, maintenance, utilities, insurance, etc.
Litigation
Where possession is to be obtained via court proceedings our team can offer valuable assistance to support the application for possession, including witness statements and attending hearings.
Low fixed cost
- Once the scope of the work is defined, we will commit to a tailored low fixed quote.
