0
10
20
30
40
50
60
0
10
20
30
40
50
60
Q1
Q2
Q3
Q4
Hotels
Public Houses
Restaurants
Leisure
Care
Retail
“
With increasing numbers of business failures an inevitable
consequence of the continuing economic conditions, transactions
involving distressed assets were always likely to hit the headlines.
However, this should not mask the role played by business
recovery services in assisting many companies to stay afloat. By
providing sound and impartial advice, Christie + Co was able to
work with banks and recovery professionals to assist distressed
businesses in their decision-making processes — helping many
with their turnaround and recovery strategies, and avoiding the
need for disposal.”
Stephen Jacobs
–
Associate Director, Bank Support and Business Recovery
Percentage of instructions
marked as distressed by sector
Christie + Co offers a comprehensive range
of professional services to meet clients’
needs and reflect the market conditions. Our
reputation was built on brokering transactions
and we pride ourselves on our ability to
manage marketing campaigns and facilitate
deals. Our position as the leading agent at
the forefront of the leisure and hotels sector
was confirmed by the Estates Gazette Group
in 2011 when we were awarded the most
active agent title, based on the volume of
transactions we completed in 2010.
Although the number of businesses we
inspected in 2011 was down by 1.7 per cent
compared to the previous year, our specialists
were responsible for inspecting almost 15,000
businesses for sale or valuation purposes.
Our chartered surveyors and advisers
are just as active as our agents — in fact
valuation and advisory projects accounted for
approximately 40 per cent of Christie + Co’s
business activity in 2011.
Distress in our markets amplified the need
for specialist advice in 2011 and we were able
to work with banks and business operators
to help improve operational performance,
preserve value and avoid insolvency. Of
the total number of businesses we sold last
year, 25 per cent were distressed. In distress
situations, the need for timely advice and
decisive action is crucial and the decision to
dispose of assets is not always negative —
it often enables operators to recapitalise and
move forward with other businesses.
Our transactional evidence proves that there is
a market for distressed businesses and many
of the assets we sold in 2011 will be operated
successfully in a different format. You can see
some encouraging examples of successful
distress sales throughout this document.
Services to
meet client
needs and
reflect market
conditions
11
