When a £30M leisure based business was referred to us by an insolvency practitioner and bank, who were threatening to withdraw their support for the business. We agreed a 3 month project to turn the company around and meet the needs of the bank.

This was achieved by

• Focussing on profitable business by better marketing of high margin activities
• Reducing costs by removing the less profitable functions of the business and helping them to manage their margins
• Creating a new infrastructure, including the management of an internal reorganisation and recruitment of a new financial controller
• Better management of working capital

Cumulatively this resulted in better performance against their KPIs as well as improved budgeting, forecasting and balance sheet management.

By the end of the project their bank was reassured the business was being run effectively, consequently they changed their status from "bad book to "good book" and re-established a normal relationship with the company rather than managing them via the intensive support department.