| | |
Share

Covenant Reviews

As part of a loan agreement, it is normal for a company to be required to meet certain covenants on a regular basis.  Often a bank will require a company's auditors to verify these covenant compliance calculations on an annual or even a quarterly basis. 

How BDO can assist you

We can review the covenant compliance certificate prepared by the company for the bank together with the supporting documentation.  We will agree that this covenant certificate has been prepared in accordance with the loan agreement and then provide the company with a report confirming this that can be submitted to the bank. 

We can also assist in reviewing projections for future covenant compliance and advise on the suitability of accounting policies.

They key benefits BDO offers clients

  • Assurance on reported numbers.
  • Clarification on future covenant compliance.
  • Assistance in bank negotiations.

Find a partner

To find out more you can also contact your local BDO adviser.

Accountants and Business Advisers © 2012 BDO LLP. All rights reserved. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business. BDO is the brand name for the BDO network and for each of the BDO Member Firms.