A Ground-working business focused upon the house building sector

August 28, 2019 Aaron Reeves

A Ground-working business focused upon the house building sector

Situation faced:

TAIGA was introduced to a loss making group of businesses where trust had broken down between family owners and management.

Outcome achieved:

Working with the owners and Directors TAIGA strengthened the Board and established a turnaround plan that owners funded in 2018. As part of this plan TAIGA initially introduced a small team to build out a long term financial model and introduce robust cash forecasting and management.

As the turnaround progressed an experienced construction chairman was recruited and Jeff Holder moved from an Executive role into non-executive capacity in mid 2019.

Duration: 2 years +

End: Ongoing

General construction business

September 1, 2016 Aaron Reeves

General construction business

Situation faced:

TAIGA was introduced to a business facing significant contract losses in addition to a dispute with a large customer. The business was in a critical cash position.

Outcome achieved:

TAIGA worked with the incumbent management team and quickly introduced cash management support to manage the short-term business need. A robust business plan was co-created with the management team and advice provided to manage a challenging situation for Directors.