Compelling cases

Clients who use our services have successfully enhanced their businesses through acquisition, disposal or better financial management. This has placed them on a strong commercial footing to plan their future strategies rather than being forced to respond to events.

Case studies include -

  • Multi site retailer - £160m turnover
  • Two year stabilisation and recovery assignment including:
    • Reorganisation of accounting function
    • Implementation of monthly accounting timetables
    • Recruitment of new management
    • Involvement in a wide range of HR matters
    • Implementation of new company-wide SAP based IT systems
    • Re–establishment of working relations with the Group’s bankers
    • Comprehensive review of the Group’s performance and strategic options resulting in a business plan and comprehensive integrated financial projections
    • Regular liaison with the Group’s shareholders
    • Implementation of a comprehensive daily cash forecasting model for cash management
    • Liaison with the Group’s auditors including cold review of its performance resulting in marked client service delivery improvements
    • Regularisation of the Group’s tax affairs bringing them up to date

  • Chemicals group – Euros 50m turnover, Spain
    • Negotiated with Swiss bank the orderly sale of businesses to restore financial stability and repay Euros 30 million bank lending.
    • Successfully sold 4 divisions/affiliates and then the main group company to corporates from Germany, Netherlands and Spain, realising in total Euros 64m.
  • Frozen bakery group – Euros 25m turnover, Spain
    • Arranged MBO and raised development capital by sale of a minority interest to a Spanish private equity consortium
    • Subsequently sold the company in a secondary buyout to a US private equity investor, realising Euros 49m
  • Meat producer - £70m turnover
    • Review of accounting systems and production and implementation of a change programme
    • Implementation of forecasting and cash management procedures
    • Liaison and negotiations with the Group’s bankers
  • Sweetener manufacturer – Internationally known brand - £5m turnover
    • Review of the business and production of a business plan in support of a successful application for £700k of bank finance underpinning a step change in activity.
    • Review of accounting and management information systems. Continuing role as ‘finance director’.
  • Measuring equipment manufacturer - £6m turnover
    • Successful development and implementation of turnaround strategy.
    • Recruitment of new financial controller
  • Ceramics and glassware importer and wholesaler - £8m turnover
    • Achieving successful renewal of £900k facilities and subsequent turnaround of trading results through production of business plan.
    • Selection and implementation of a new accounting system.
    • Overall continuing management of the accounting function and foreign exchange policy.
    • Continuing role as ‘finance director’
  • Timber merchant and importer - £11m turnover
    • Successful preparation of a turnaround and recovery plan accepted by the company's bankers and reviewing accountants.
    • Helped company to reduce its bank borrowings from £6.4m to £1.5m within 7 months with full repayment in 18 months.
    • Preparing successful implementation plan for relocation of company.
    • Reviewing company market and approach and preparing marketing strategy to re-focus the business on its core activities
  • Window manufacturer and installer - £8m turnover
    • Production and implementation of a recovery plan
    • Implementation of new accounting systems.
    • Implementation of cash and business planning systems.
    • Instruction of management on the use of computer based financial modelling.
    • Assistance with bank liaison and attendance at bank meetings.
  • Importer and suppler to DIY industry - £11m turnover
    • Stabilisation of cash flow
    • Introduction of weekly cash forecasting
    • Production of a forward looking plan
    • Selection and implementation of new accounting and stock control systems
    • Assessment of strategic partnership opportunities
  • Financial services sector software supplier - £2m turnover
    • Temporary head of finance for 4 months at request of chairman
    • Business plan, rights issue and approaches to VCs for extra capital to sustain a delayed new product development plan
    • Subsequently, downsizing plan and detailed cash-flow projections so company could live within its old recurring income (reducing staff to nine from 23)
    • Liaison with bankers while very tight on lending limits
    • Recruitment of new part-time financial controller to reduce finance function costs
  • Medical instruments - £90m market cap on flotation
    • Temporary head of finance to get flotation plans moving while permanent finance director recruited, at request of private equity investor
    • Update of business plan
    • Beauty parades for flotation sponsors and other advisers
    • Organisation of data room materials
    • Smooth handover to the permanent FD, while retaining the former FD in the role of company secretary (which fitted his skills)
  • Seafood-farming company - £3m turnover
    • Acting head of finance
    • Preparation of business plan and financial projections
    • Equity issue, largely from existing shareholders, plus arranging additional debt facilities
  • Chemicals manufacturer - £10m turnover
    • Mentoring to the existing FD
    • Detailed weekly cash flow production
    • Stakeholder relations maintenance
  • Media company - £9m turnover
    • Strategic advice over a number of years, including assistance with developing business plan and projections
    • Advised on stabilising the company during cash crisis
    • Arranged MBO
    • Arranged improved banking facilities to grow the business, five years on
    • Now working on new financing and potential further deals
  • Engineering company - £7m turnover
    • Preparation of business plan and projections;
    • Secured enhanced facilities from alternative bank after HBOS wished to withdraw facilities