Wholesaler of Branded Kitchen Appliances
Situation faced:
Company had expanded rapidly but had been forced to close its European operations as a result of which the Company was experiencing significant working capital pressures.
Outcome achieved:
Engaged to support management extend its STCF to 13 weeks and improve robustness of forecasting model. Identified significant excess borrowing requirement. Introduced company to potential investors and identified £500K of achievable annualised savings.
Duration: 1 month
End date: September 2013