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Virgin Active: Making Restructuring Plans Fit for the SME Sector

LIVE FACE-TO-FACE EVENT - A review of the effectiveness and challenges of Restructuring Plans from the firm that used this tool for Virgin Active.

Outline:

The Virgin Active Restructuring Plan was a landmark case, being the first to enact landlord compromises typically seen in a CVA and to be sanctioned by the court using cross-class cram down following a highly contested sanction hearing.

Whilst Restructuring Plans saw a slow initial uptake, as companies, advisors and creditors have begun to understand their flexibility and the associated legislation, their use has taken off over recent months.

As Virgin Active’s advisor, the Teneo team discuss the effectiveness, challenges and key learning points through the use of this innovative solution, alongside an open discussion of its future application to the mid-market.

Caroline Sumner, R3 newly appointed CEO will also provide some scene setting and insight towards the application of RPs to the mid-market.

Key Learning Outcomes

  • An overview of the documentation required and timelines involved when launching a Restructuring Plan.
  • A deep dive into the construct, challenges and benefits associated with the Virgin Active Plan.
  • An open discussion around the future application of Restructuring Plans to the mid-market.

Speakers:

Matt Mawhinney, Director, Teneo
Matt Roe, Director, Teneo
Simon Hanks - Associate Director, Teneo
Caroline Sumner, CEO R3 - view bio
Adam Heath, Founding Director, PHD Property Advisory Ltd - view bio
Graham Peat, Chartered Surveyor, PHD Property Advisory Ltd - view bio

Schedule:
16:00 Arrive
16:15 Seminar & Q&A
18:00 Networking Drinks
19:00 Close
 

CPD: 1

Thank you to our Sponsors, PHD Property Advisory and Teneo for making this event possible

   

                                                                      



   

Membership Category Price Excluding VAT
R3 Member FREE
Non-Member £35
Teneo
PHD Property Advisory Teneo
View Website View Website

 


When and Where
For more information please contact
Laura Piu
Laura Piu
020 7566 4236
Michael SmithMichael Smith
Events Manager
020 7566 4210
Mercedes LopezMercedes Lopez
Events Organiser
020 7566 4236
Laura PiuLaura Piu
Events Organiser
020 7566 4236
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