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.

Duration: 4 Months

End: 2015

Restructuring a House Builder

November 30, 2015 Aaron Reeves

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.