It is essential that businesses prepare realistic and concise Business Plans setting out:
- The business's current situation;
- Levels of indebtedness to non-NAMA institutions;
- A full list of assets and liabilities;
- Short-, medium- and long-term objectives; and
- A list, in order of priority, of assets to be disposed, assets which require additional investment, etc.
Business Plan: Differentiating Factors
There are a number of crucial factors which will differentiate a robust and viable business plan:
- Demonstrate that the management team has the credibility, skills and motivation to implement the business plan;
- Provide SWOT Analysis - Strengths, Weaknesses, Opportunities and Threats - for all key assets;
- Outline the strategy with regard to holding, investing and disposing of assets and provide the rationale for the proposed approach;
- Given the strict capital rationing environment, identify a realistic means of financing ongoing activities and future developments;
- Submit reasoned macro-economic assumptions on a regional basis;
- Prioritise the work-out plan for each asset in a sensible manner to maximise value-creation and generate liquidity;
- Present the plan in a clear professional manner; and
- Show a realistic, logical and sensible approach to the business plan formulation.
How Can Horwath Bastow Charleton Help You?
Horwath Bastow Charleton's corporate rescue team can support businesses in preparing their business plan and in dealing with NAMA and their other banks.
In the NAMA era, it is imperative that a borrower creates a strong first impression. A solid, well-developed business plan is the beginning of this journey with NAMA. We will bring independence, objectivity and a commercial focus to the development of your plan to ensure the best possible outcome.
Other services we provide include:
- Strategic advice in relation to debt restructuring options;
- Formulate work-out plans; and
- Debt renegotiation.
For further information about our Business Recovery Planning department please contact:
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