Due Diligence, Financial Viability Assessment for Lenders
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Don examines the books of an $11-Million consumer products manufacturer and distributor for a lender and advises against funding. For more information on Financial Viability Assessments and Interim Management in Ontario, visit: http://www.djallen.ca
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Due Diligence, Financial Viability Assessment for Lenders
- 1. Due Diligence CONSUMER PRODUCTS Don Allen & Associates was re- risk factors that were previously tained by a lender to assess the vi- unknown to the lender and sub- ability of an $11 Million consumer stantiated that the Company had products manufacturer and distrib- not been totally forthcoming in its utor of blow-moulded garden and reporting to the lender. leisure products. The Company business plan projected significant The lender withdrew its financing expansion into the US and had ap- offer, thereby avoiding potential proached the lender to advance $5 significant losses by lending to the Million to assist with this. business. The Company was experiencing D Don Allen Inc. cash and liquidity challenges. We conducted meetings with manage- ment and interviewed key employ- ees to investigate the history and A & Associates future plans of the Company. Toronto · Barrie · Collingwood Our investigation revealed a num- 1-888-504-1511 ber of significant anomalies and www.djallen.ca