Cleaning Business - Central London

Project: Profitable family owned £3.5m t/o business. Lost 90% of customers overnight as a consequence of COVID 19. 180 jobs at risk.

Solution: Restructuring plan and negotiation of six figure Coronavirus Business Interruption Loan Facility within three days.

Outcome: All jobs preserved and business in position to take advantage of expected late 2020 increase in cleaning and cleaning services.

Computer Games Developers - Central London

Project: £1.5 m + t/o company faced significant cash flow difficulties. 30 staff positions at risk.  

Solution: Successfully concluded informal debt deferral negotiations with key creditors. Negotiated more favourable terms with client customers. Business turned around without recourse to formal insolvency procedures. Planned fund-raising campaign to finance company expansion into on-line computer game market. Planned and developed business plan and targeted potential funders.  

Outcome: Company floated on AIM and raised £9 million of external funding, valuing company at £40 million. Remunerated via success fee and shares in floated company.

Tyre recycling plant – London

Project: Private equity shareholders, (overseas family investment house), extremely concerned owing to poor performance of their £1m plus 50% equity and loan investment in business following fire at one of the premises. Our role was to recover as much value as possible for shareholders in a critical situation where there was initially significant distrust of the management team.

Solution: Introduced regular financial reporting system, cash flow management strategy and entered into sensitive negotiations. Assisting in bringing the business back to a position of stability.

Outcome: From a calamitous opening position, shareholders were able to eventually recover 75% of their total investment.  My client’s shareholding was eventually sold back to the management a year after my appointment. Approximately 25 jobs were also maintained.