Ims-Led
Recovery
Coordination

Lender Recovery Platform

Distressed Asset Recovery & Completion Platform

UK-Wide IMS-Led Recovery, Completion & Value Maximisation Platform

  • A single point of recovery coordination operating alongside lenders, receivers, insolvency practitioners and institutions seeking to stabilise, complete and maximise recoverable value from distressed development assets.
  • Operating through nationally recognised Independent Monitoring Surveyors, receiver partners and established contractor delivery networks across the UK..

Keystone ARVM is an independent recovery coordination platform. It does not act as a funder, lender, broker or sales agent. Its role is to assess, coordinate and deliver recovery strategies designed to maximise lender outcomes and preserve recoverable value.

Why Controlled Completion Can Outperform Distressed Disposal

Preserving recoverable value through stabilisation, governance and controlled completion.

In distressed development scenarios, immediate enforcement or discounted disposal can crystallise value loss before the asset has been stabilised. The ARVM approach assesses whether controlled completion may preserve recoverable value and improve lender recovery optionality.

OUTCOME

Stabilised
asset

Controlled
completion

Improved
marketability

Enhanced recovery optionality

Lender-controlled
outcome

Traditional Distressed Disposal VS ARVM Controlled Completion

Traditional Distressed Disposal

Immediate value crystallisation at distressed pricing

Contractor recovery outcome or site disruption

Reduced bidder pool due to part-complete status

Limited recovery optionality

Outcome driven by speed of
disposal

Potential value destruction

ARVM Controlled Completion

Stabilisation before value is crystallised

IMS-led contractor review and controlled continuity

Improved marketability following stabilisation and completion

Enhanced lender-led recovery optionality

Outcome supported by governance, cost control and completion strategy

Recovery maximisation framework

Single Point of Coordination – Multi-Party Delivery

Operating alongside existing lender-appointed professionals.

Keystone ARVM sits at the centre of the recovery coordination structure, integrating lender oversight, receiver alignment, IMS monitoring, contractor delivery and capital support within a controlled recovery framework.

KEY PRINCIPLES

Keystone ARVM operates alongside lender-appointed receivers, insolvency practitioners, IMS providers and professional teams to support recovery execution.

Component

Receiver / IP

IMS

Keystone ARVM

Contractor Network

Recovery Delivery Support
Recovery Optionality

Structure

Aligned partner network where required

Existing or lender-approved IMS retained

Central recovery coordination platform

IMS-led review and delivery support

Transaction-specific where required

Lender-led refinance, sale or restructuring

Result

Independent enforcement governance retained

Continuity of monitoring and reporting

Single point of control and stakeholder alignment

Reduced mobilisation risk
Recovery pathway assessed
Improved marketability and recovery options

Stabilise & Complete – Pre-Enforcement Route

A controlled recovery pathway designed to preserve
optionality before value is crystallised through enforcement.

Prior to formal enforcement, Keystone ARVM can support lenders and borrowers in assessing whether stabilisation and controlled completion may preserve recoverable value and improve recovery optionality.

Scope of Recovery Co-ordination

  • Cost-to-complete review
  • Programme reset
  • IMS-led contractor review
  • Funding gap identifcation
  • Recovery reporting
  • Cost and programme oversight

Benefits

  • Avoid insolvency
  • Protect lender security
  • Complete the scheme
  • Enhance recovery optionality
  • Maximise recovery

Typical Stakeholders

  • Lender
  • Receiver
  • Insolvency Practitioner
  • IMS
  • Quantity Surveyor
  • Contractor Team

ARVM coordinates execution between stakeholders whilst existing appointments remain in place.

Key Features

Delivered through
existing IMS oversight
and lender-approved
governance channels.

Controlled Recovery & Restructuring Route

Alternative recovery pathway where traditional distressed disposal may materially impair lender recovery..

Where appropriate, Keystone ARVM coordinates with lender-approved stakeholders to support stabilisation, controlled completion and recovery maximisation.

Approach

  • Coordinate recovery strategy
  • Facilitate controlled completion
  • Support stakeholder alignment
  • Preserve recovery optionality

Benefits

  • Accelerated realisation
  • Reduced enforcement cost
  • Controlled delivery
  • Improved recovery outcome

Lender Consideration

Lenders, Receivers and Insolvency Practitioners retain control of enforcement, recovery
and disposal decisions. ARVM supports execution, coordination and controlled
completion where appropriate.

Key Principles

Participation is used only where it
facilitates stabilisation, controlled
completion and improved
recovery optionality – not as an
end in itself.

Recovery & Recovery Outcome Optionality

Structured recovery pathways aligned to lender strategy
and underlying asset prole.

Recovery pathways are considered at appointment stage to improve marketability,
preserve optionality and support lender-led recovery decisions.

Primary Recovery
Outcome Channels

  • Controlled Completion
  • Stabilisation
  • Contractor Replacement
  • Phased Delivery
  • Enhanced Marketability
  • Receiver-Led Recovery
  • Lender-Led Strategy
  • Asset Preservation

Typical
Situations

  • Part-complete schemes
  • Funding gaps
  • Contractor failure
  • Covenant breach
  • Receivership /
    administration
  • Slow sales or refinance
    failure

Key Principle

Recovery strategy is assessed at
appointment — not after value has
already been lost.
Recovery pathways are assessed in
conjunction with lenders, receivers
and insolvency practitioners to
determine the most appropriate
recovery outcome.

Benefits

  • Higher recovery values
  • Faster recovery outcome
    timelines
  • Stable income
    positioning
  • Reduced market risk

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