Qualifying Reports Completed: 57
Satisfied Opinion: 52
Case Not Made / Buyer Withdrew: 5
Involving 39 Lead Insolvency Practitioners
from various regional offices of 16 Firms.
PRE-PACK QUALIFYING REPORTS
Under The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021, which took effect from 30 April 2021, an Administrator must not make a substantial disposal within 8 weeks of their appointment, unless either one of the following two conditions is met:
(a) The approval of the company’s creditors for the making of that disposal has been obtained.
(b) A qualifying report in respect of the making of that disposal has been obtained.
Should option (b) be pursued, then the proposed purchaser must obtain a Qualifying Report from an Evaluator.
The Administrator must ensure that the Evaluator that is providing the Qualifying Report, meets the requirements set out in the legislation.
Having met the requirements set out in the regulations to act as an Evaluator, J9 Advisory are pleased to be able to offer this service to Connected Purchasers.
Johnny Abraham has met all of the requirements set out in The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021.
Is a Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW).
Is a Fellow Member of the Association of Business Recovery Professionals (R3).
Is an Accredited Member of the Institute for Turnaround (IFT).
A Member and a Board Director of the Turnaround Management Association UK (TMA UK)
What sets Johnny Abraham out over others, is over 22 years of experience specialising in Business Rescue and Restructuring, including hands on experience on both sides of the Accelerated Merger and Acquisition / Pre-Pack process both as an Advisor assisting in structuring, funding and executing compliant Pre-Pack transactions, as well as within an insolvency practice.
To date, Qualifying Reports have been completed for cases involving Insolvency Practitioners from:
Abbey Taylor, Alvarez & Marsal Europe, Begbies Traynor Group, FRP Advisory, Grant Thornton, Interpath Advisory, Kingsbridge Corporate Solutions, KPMG, Kroll, Leonard Curtis, Opus Business Advisory, RSM Restructuring Advisory, Sadlers, Teneo, and Quantuma.