Luxury fashion retail chain

August 29, 2019 Aaron Reeves

Luxury fashion retail chain

Situation faced:

TAIGA was introduced to a loss-making UK wide retailer with a challenging cash position and poor quality financial and operational reporting.

Outcome achieved:

Introduced cash management and strengthened the team with interim FD appointment. TAIGA supported the Directors in development of turnaround plan based on cost reduction strategies and secured ongoing funding support from the bank to implement the turnaround.

Advisory support and cash management continues.

Duration: 12 months +

End: Ongoing

Install and maintenance of fire, security and healthcare systems

July 13, 2017 Aaron Reeves

Install and maintenance of fire, security and healthcare systems

Situation faced:

A loss-making Private Equity owned Group that was in crisis with an emergency funding requirement. Ultimately a £10m balance sheet / cash hole was identified as a source problem.

Outcome achieved:

TAIGA led a pre-pack restructuring and refinancing with Jeff Holder becoming interim CEO on behalf of the funders - with 100% of trade creditors paid and the bank achieving a 100% recovery.

Post pre-pack the business exited it’s loss-making contracts, undertook a rationalisation of Group and stabilised. TAIGA supported investors in their introduction of a sector focused team whilst transitioning out the need for specific restructuring / turnaround support before exiting.

Duration: 10 Months

End: 2017

Plastics Re processor

January 13, 2016 Aaron Reeves

Plastics Re processor

Situation faced:

The business was over-leveraged and suffered with a dysfunctional management team. The resulting cash call meant a funding requirement for the Private Equity owners.

Outcome achieved:

TAIGA reviewed business for the Private Equity owners. A jointly developed plan was implemented and supported through to a solvent sale to new owners. 100% recovery for bank and return for Private Equity owners.