As successful builders and having acquired a $7,400,000 portfolio we had a great long term relationship with our bank. However, it only took a small and temporary cash flow issue in our business when the bank decided not to renew our facility. We pleaded with our relationship manager and showed cash flow projections to ensure a continuation of the relationship but we were told the bank would not support us. We had to deal with an exit manager and he said that we needed to sell all our assets and also issued a default notice. We spent $7,000 on legal fees when our solicitor referred us to DJ Partners.
With an engagement fee less than the legal fees, we were pleasantly surprised to find out that they are success based. Within 2 days of being appointed, they had visited our office, visited all of our properties, had an intimate understanding of our business, history and current issues, devised a strategy, engaged our bank and minor creditors, ensured no further legal action was taken by the bank and assisted with the execution of the strategy.
We were able to work through our issues and our loan was subsequently extended and repatriated into lending.
We stand by their services as unique, premium and extremely professional.
James and Elizabeth Kennedy