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Halliwells’ assets up for grabs as firm files to go into administration

a rent free period = smaller reverse premium. Strategy 1. Negotiate a reverse premium of £21M 2. Ensure the money is paid to the equity partners rather than into the LLP and justify this by claiming it was the most tax efficient way to do it. 3. Borrow £18M from the RBS 4. Fail to tie in the equity partners who received between 200k and £1M from the "property windfall" despite them not being subject to any restrictive covenants 5. Watch the equity partners leave as the profits dwindle due to the costs and debts associated with the property/debt inducing windfall 6. Enter administration Genius

29-Jun-2010

8:28 pm