Small scale, rapid response, gas power plants
Situation faced:
TAIGA was introduced as a temporary market change had led to a rapid drop in profitability and subsequent cash pressure. The cash issues unveiled deeper corporate governance issues within the Group.
Outcome achieved:
TAIGA introduced a cash management team in support of the existing accounts team and in collaboration with Directors constructed a plan for recovery that facilitated a financial restructuring of banking facilities. The Company remains EBITDA positive.
Duration: 3 months
End: Feb 2019