References

Context

The Independent Business Review carried out by Argos Construction defined a three-year business plan, but the funding requirement proved too high for the shareholder, who withdrew. The company entered receivership, leading to two separate sale plans for the utilities and earthworks businesses.

Mission

Diagnostic

Objectives

• Economic and financial diagnostic (organisation, risks, business plan)
• Funding-needs study and information memorandum for sale

Stakes

• €150M revenue, 850 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

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

Context

Following the judicial liquidation of its Italian parent company, the company was itself placed in liquidation. Argos Construction's intervention enabled 3 of the 7 sites to be transferred to a competitor following a project review.

Mission

Technical assistance to the court-appointed administrator — continued activity

Objectives

• Review of organisation and ongoing matters
• Closure of matters not taken over and end-of-works statements
• Note on customer-account issues

Stakes

• €15M revenue, €1,150k forecast activity