Case Histories

Resolving future of family manufacturing business

Business: Private manufacturer of professional hygiene wipe products for healthcare and HORECA industries

Size: £20m, UK plant, 75 employees

Ian stepped in at a difficult time and quickly brought order and control. He immediately engaged with the board and the management team and gave the Company’s bank the reassurance that was needed. His pragmatic approach meant the family had clear visibility of the options available allowing us to make informed and considered decisions. He provided valuable support to the board and family through a sale process which was challenging and protracted while ensuring the support of the bank was maintained. Ian was instrumental in the family achieving the right outcome.

Background

Private family business which over expanded in response to the Covid pandemic and became financially challenged in the post pandemic downturn

Actions and results

  • supported the Board in determining turnaround options for the business
  • introduced FD to manage 13 week rolling cash flow management restoring banking relationship
  • supported Board decision to sell the business through an accelerated M&A process
  • supported sale process and all buyer related DD enquiries
  • business acquired in a solvent transaction by Enact (Endless LLP)

 

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