Greensill
Greensill Capital is a financial services company with operations in the UK and Australia, currently under administration by Grant Thornton.
History of Greensill Capital
Greensill Capital was once a leading provider of supply chain financing. However, on March 8, 2021, Chris Laverty, Trevor O’Sullivan, and Will Stagg of Grant Thornton UK LLP were appointed as joint administrators of Greensill Capital (UK) Limited and Greensill Capital Management Company (UK) Limited due to financial difficulties. Trevor O’Sullivan was later replaced by Russell Simpson as an administrator on June 27, 2022. This change marked a significant shift in the company's operations and management.
Administration and Leadership
The leadership and administration of Greensill Capital underwent several changes during its financial restructuring. In the UK, administrators Chris Laverty, Trevor O’Sullivan, and Will Stagg were appointed from Grant Thornton UK LLP. In Australia, the directors of Greensill Capital Pty Ltd appointed Matt Byrnes, Phil Campbell-Wilson, and Michael McCann of Grant Thornton Australia Ltd as voluntary administrators. These administrators were responsible for overseeing the company's assets and restructuring efforts.
Corporate Structure and Operations
Greensill Capital Pty Ltd operates as the parent company for the Greensill Group, providing administrative and head office support. Greensill Capital (UK) Limited, registered in England and Wales under company number 08126173, forms part of the Greensill Group. Its registered office is located at One Southampton Street, Covent Garden, London WC2R 0LR. Although Greensill Capital Pty Ltd operates only in a limited capacity, the greensill Group as a whole encompasses various subsidiaries across different regions.
Compliance and Governance
Greensill Capital (UK) Limited is committed to compliance and governance standards. The company ensures the use of Personal Data in accordance with data protection laws and maintains a published tax strategy in line with Section 161 and paragraph 16(2) Schedule 19 of the UK Finance Act 2016. The organization engages Safecall for anonymous and confidential whistleblowing concerns. Greensill also has strict policies against slavery, human trafficking, or similar practices and carries out due diligence exercises on client relationships through its Financial Crime teams.
Commitment to Ethical Practices
Greensill Capital (UK) Limited strives to uphold ethical practices in its operations. The company has zero tolerance for slavery, human trafficking, or unethical working conditions. Greensill Capital also focuses on improving its procurement processes to ensure consistency and transparency in dealings with suppliers and service providers. Its Financial Crime teams conduct thorough due diligence, incorporating negative media checks on client relationships to maintain integrity and compliance with legal standards.