In November 2020 MBV delivered a highly complex valuation of several oil exploration rigs located in the Middle East. The project involved the assessment and appraisal of these complex oil industry plant and machinery assets with a combined value in excess of $50m. The valuation was undertaken for a Middle Eastern based bank for loan security purposes.
Neil Duckworth, Consultant at MBV said “We are delighted the team has successfully completed a complex valuation project for a lender client in the Oil and gas Sector – we delivered this project in the short time frames required and with the backdrop off the Covid-19 restriction demonstrates our practical and problem solving approach to such projects”.
Despite the challenges of 2020 MBV are delighted to announce that they have achieved a record number of successful business sales in 2020 on behalf of Restructuring Professionals and Private Clients.
Neil Duckworth, Consultant at MBV said “In 2020 the conclude over 50 successful sales of business with a combined turned over in excess of £500m; despite the challenging business environment we were able to assist in concluding a record number of business sales preserving value for creditors and help saving jobs”
2020 has proved to be a very challenging year for business across the UK. However MBV continues to see strong demand for both residential, commercial and development properties especially those related to restructuring and insolvency projects.
Neil Duckworth Consultant at MBV commented “In the last quarter we have seen strong buyer demand for property assets across all sectors of the property market; we have concluded multiple sales of residential houses, retail shops and industrial building. There has been strong demand for a number of student development sites and residential sites where sales have also been concluded”