Harris Lipman News

Mayfield Asset and Property Management Ltd undertake a new joint venture with Harris Lipman LLP and Thorne Lancaster Parker.

02/03/2010

In light of the economic downturn, three prominent organisations: Mayfield Asset & Property Management, Harris Lipman LLP and Thorne Lancaster Parker have joined forces to bring a new service to a difficult market. The triumvirate offer a real, cost-effective alternative for institutions and banks that are looking to restructure or realign parts of their loan book.

In the event of work out scenarios including orderly wind downs, outright sale, Administration or LPA Receivership, these three specialist organisations ensure that a comprehensive range of services, including asset management, property management, facilities management, accountancy, restructuring services, audit and tax advisory facilities are available to institutions and banks. Due to their joint expertise they can, through their advice, help to collectively maximise returns on investment or loans for institutions and banks that have been hit by the recession.

Key benefits of using this partnership are that a full array of services and ancillary advice are available, depending upon the specific requirements of the project in question, and that a uniquely innovative style can be taken by each of the three organisations. This bespoke approach is economical for clients seeking such services since only aspects that are required and utilised are charged for. The combined resources offer not only a real, cost effective alternative to the main players in the “workout” market, but also a personal and timely approach, due to the streamlined nature of each organisation.

The key representatives of each organisation will work as a team to offer a “one-stop-shop” for each client, whatever service(s) they require. A lead partner from the most appropriate practice will coordinate and drive the complete “workout” process forward, according to client requirements. This real, cost-effective solution to clients’ problems offers one final advantage: market leaders in each field deal with and assist client assets, giving them the detailed attention and care they need in this unstable period of economic recovery.

A spokesman from the Joint Venture Partnership, said: “In the current economic climate, it is not always immediately clear what the best solution is for assets of this nature, but by combining the skills and knowledge of three different firms, who are all experts in their field, we can help banks or investors to maximise their returns. We believe offering this ‘one-stop’ service brings something new to the market, offering a simpler and more cost-effective approach than was previously available.”

For further information, please contact:

Paul Jenkins (Mayfield): paul.jenkins@mayfieldproperty.co.uk +44 (0)20 7569 5348

Freddy Khalastchi (Harris Lipman) freddy.khalastchi@harris-lipman.co.uk +44 (0)20 8446 9000

Christopher Kay (Thorne Lancaster Parker): ckay@tlpaccountants.co.uk +44 (0)20 7404 2161

 

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