Heavy Construction

Heavy Construction

Situation faced:

TAIGA was introduced to a long standing Construction Group that had lost approximately £9m over an 18 month period and had an inherited Pension deficit of c£50m. The business had suffered from poor order intake and a dysfunctional management team which exacerbated the situation.

Outcome achieved:

TAIGA worked with the existing management to understand the position and develop appropriate recovery plans. Operational, financial and sales processes were highlighted and prioritised and the plan was implemented by the incumbent team.

Duration: 5 Months

End: 2019

 

 

Restructuring a House Builder

Restructuring a House Builder

Situation faced:

TAIGA was engaged with the a remit to restructure and turn around a loss making business. Additional losses quickly appeared from WIP & loss-making contracts creating a corresponding cash hole.

Outcome achieved:

TAIGA delivered a detailed Diagnostic review followed by creation of recovery plan incorporating exit of loss-making businesses, downsizing and increased control. Utilising plan the Company was sold to Kier plc. Secured lender recovered 100% of funds.

Duration: 6 months

End: 2015