Corporate Restructuring and Debt Advisory
Guidance for management teams to optimize business outcomes.
Corporate Restructuring and Debt AdvisoryThe Company specialised in providing off-site airport car parking services at several UK airports. Duff & Phelps was engaged to provide options analysis, achieving a sale of the business and assets and orderly wind-down at non-profitable sites.
Duff & Phelps Completed the Administration of a Major Provider of Off-Site Airport Car Parking Services
Duff & Phelps is pleased to announce that it has successfully completed the Administration of a major provider of off-site airport car parking services in the UK.
About the Company
The Company was a recognised brand of off-site airport car-parking services which operated from several UK airports with c.220 staff and annual turnover of c.£12m.
Transaction Role
Prior to the appointment of Administrators, Duff & Phelps assisted the Company with options analysis and with proactive discussions with key stakeholders. Duff & Phelps’ role resulted in continued operations and the successful sale of business and assets at the sole profitable site, saving c.150 jobs and maximising asset realisations. Duff & Phelps also completed a swift and orderly wind-down at non-profitable sites.
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