Skip to content
MONITION
JournalJoin the waitlist

PracticesRestructuring

A supplier whose biggest customer just filed.

Coldbrook Refrigeration is not named in any case. But its largest customer is in bankruptcy, it is owed money there, its lender has just taken new security and its accounts are late. Monition forecasts it will need refinancing or restructuring advice within two to four months.

Join the waitlistAll practices
ForecastNo filing names it yetIllustrative

Coldbrook Refrigeration

Refinancing or restructuring advice

Strong· 5 records2–4 mo2ndCleared

Why: Its biggest customer filed · its lender took new security · its accounts are overdue

The story in the public record

  1. 10 FebDay -210Annual accountsColdbrook Refrigeration's accounts note that one customer group made up most of its installation revenue.10 FebAC-25-4410
  2. 8 SepDay 0Bankruptcy docketGarnet Grill Holdings files for bankruptcy protection.8 SepBK-26-04417
  3. 22 SepDay 14Same docketCreditor list filed: 214 trade creditors, including Corliss Produce Co., Stellan Linen Services and Coldbrook Refrigeration.22 SepBK-26-04417-31
  4. 4 OctDay 26Charges registerHalvard Commercial Finance registers new security over Coldbrook Refrigeration's receivables.4 OctCH-26-61904
  5. 11 OctDay 33Companies registerColdbrook Refrigeration's annual accounts are three weeks overdue.11 OctAC-26-8812

Signals Monition reads for restructuring

  • Creditor lists in other companies’ cases
  • New charges and security over receivables
  • Late or qualified accounts, going-concern notes
  • One customer making up most of the revenue
  • Statutory demands and winding-up petitions
  • Changes to facilities in lenders’ filings

Typical timing2

Who the record reaches

Restructuring matterAnother practiceExisting client
Bankruptcy docketGarnet Grill Holdings files for bankruptcy protection.8 SepBK-26-04417
Suppliers 4Coldbrook RefrigerationForecastCorliss Produce Co.On recordStellan Linen ServicesOn recordLinnet CateringAlert only
Lenders and lessors 2Brightwater CapitalAlert onlyLumen Fit-Out LeasingForecast
Landlords 7Halverson Plaza LLCOn recordKestrel Row Retail ParkForecastMillbrook CommonsForecastArdent Square PartnersForecastFerris Lane PropertiesForecastQuayside Market HallForecastSorrel Gate RetailForecast
Franchisees 2Orchard Bay DiningForecastNorthgate EateriesForecast
Buyers 1Pruett Franchise PartnersOn record

Companies are grouped by how the record reaches them. An existing client gets an alert to its relationship partner, never an approach.3

The same board, filtered to restructuring: every forecast and record in the practice, from first signal to partner-approved draft.1

More practices

See where else new work shows up early.

On recordReal estateA landlord whose tenant’s lease is being rejected.See the example ForecastRegulatoryRetailers a proposed packaging rule will reach.See the example

The next matter in your practice may already be on the record.

Join the waitlistRequest a 30-minute briefing[contact email]