GRANT THORNTON has signed a £9m insolvency portfolio financing deal with AIM-listed Burford Capital.
The deal will provide financing across a range of cases, including defence and declaratory matters, where GT partners are trustees.
It will be used for handling insolvent estate cases – often complex insolvencies – which regularly need to secure financing to manage and maximise the value of claims, but are often complex insolvencies.
GT insolvency partner Nick Wood, said: “The facility allows a huge amount of flexibility because of its unique structure.
“Without a portfolio solution, we would be left trying to deal with the cases on a one-by-one basis in a much less streamlined way, and trying to agree different types of deals including CFAs.”
Welcome to our live blog for Spring Budget 2017. Follow our Budget coverage throughout the day, including expert analysis and opinion on the key issues
Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector
The established building and heritage restoration company has ceased trading following the loss of major tenders
Many working in professional services have received honours this new year from the Queen