Development and manufacture of yarns for the automotive sector
Situation faced:
TAIGA was introduced to a profitable business but one that enjoyed a dysfunctional relationship between the senior management team and overseas corporate that owned the Company.
Outcome achieved:
As a priority TAIGA strengthened the Board and worked to rebuild the relationship between stakeholders. To drive improved operational and financial performance TAIGA also undertook a review of the cost base and led the relocation and restructuring of certain support operations (partially to continental Europe and partially within the UK). As Chairman Jeff Holder also led UK refinancing before then moving into an ongoing non-exec Chairman role.
Duration: 3 years +
End: Ongoing