References

Mission

Acquisition audit (in bonis)

Objectives

• Detailed review of cash-flow plans and organisation
• 5-year business plan and development plan for partners

Stakes

• €225M (portfolio)

Mission

Review of ongoing matters and cost structure

Objectives

• Review of project-by-project cash flow and organisation
• Control of receivables assignments and contractual assistance

Stakes

• €40M revenue, 180 employees

Context

As part of an in bonis acquisition, Argos Construction was engaged to assess the ongoing projects and forecast margins of this company specialising in structural works on historic monuments, in order to enable a fair valuation of the disposal.

Mission

External review of ongoing matters

Objectives

• Review of organisation and cost structure
• Review of forecast margins and budget

Stakes

• €9.5M revenue, 60 employees

Context

Engaged to validate the opportunity of acquiring a company with complementary activities, Argos Construction assessed costs before and after the takeover and prepared the budget forecast based on the existing order book.

Mission

Technical assistance — review of the situation during acquisition

Objectives

• Review of organisation and cost structure
• Review of forecast margins, customer accounts and budget

Stakes

• €5.5M revenue, 37 employees

Context

Threatened with the withdrawal of bank facilities following a drop in business and weak management control, the company entered receivership. The Independent Business Review and forecasts prepared by Argos Construction for its seven subsidiaries clarified the situation and supported the divestment.

Mission

Ad hoc mandate then receivership

Objectives

• Preparation of forecasts and control of receivable mobilisations
• Review of customer accounts and opinions on contract terminations

Stakes

• €69M, 60 employees

Context

Faced with major subcontracting issues, Argos Construction proposed a method for assessing the major ongoing projects across all branches, accelerating entry into receivership. Technical assistance during the sale plan then enabled the closure of the remaining unsettled matters.

Mission

Diagnostic and steering during receivership

Objectives

• Diagnostic and review of ongoing matters
• Handling of claims and validation of bank facilities
• Dispute management and works-stoppage closures

Stakes

• €55M, 450 employees

Mission

Technical assistance during the observation period in receivership

Objectives

• Review of organisation and cost structure
• End-of-project forecasts and 6-month rolling overall forecast

Stakes

• €31M revenue with €6M loss, €33M forecast revenue, 147 employees

Mission

Technical assistance — Dailly

Objectives

• Control and validation of receivables assignments (Dailly law) and account monitoring

Stakes

• €8M, 44 employees

Context

Significant operating losses incurred after the acquisition led to judicial liquidation. Argos Construction stepped in at the start of the proceedings to handle account closures on major sites located across France.

Mission

Cut-off assistance and account closures — court-appointed administrator

Objectives

• Review and account closure of contracts taken over and not taken over
• Reconciliation of subcontractor accounts and direct payments
• Follow-up of insurance claims and litigation

Stakes

• €40M revenue, €8,855k, 98 matters