Case Studies - All
A privately owned group of 21 elderly care and learning disability homes with operations across the UK. The reporting accountants had attempted to undertake an IBR but with poor management information this had not progressed satisfactorily. A winding up petition from HMRC led ...Read
Jewellery group who own Mappin & Webb, Goldsmiths and Watches of Switzerland.
Aurum was formerly backed by the failed Icelandic investor Baugur, whose 38% stake was taken up by nationalised bank Landsbanki. The jewellery market being very capital ...Read
Cambridge Drug Discovery is a Pharmaceutical research company and was founded in 1998.
- Advised founders on funding. We prepared a business plan as a basis to raise funds. Backing of £5m was secured in exchange for a 20% stake with the founders retaining ...Read
Era is the holding company for two retail chains (Beatties & Tecno) with approximately 100 shops and three distribution businesses (Richard Kohnstam, A S Royston and Leisuretime Products), turnover of £75m, employing 650.
The Group had incurred losses of £13.3m for ...Read
GEI was a quoted engineering and steel business with a turnover of £85m, employing 1,400 and operating in 9 countries. The management team had embarked on an expansion plan that led to substantial losses and a deficit on shareholder funds. Three of the ten banks in the ...Read
Golden Wonder was a FMCG specialising in Snacks & Crisps supplying all the major retailers. It had a turnover of £150m and 1,000 employees on 3 sites in the UK. The company was the market leader in 1994 but by 2004 had slipped to third position.
The business had ...Read
'Is there Room for Romance in the Harsh Financial Reality?'
In 2006, a group of individual local and international investors formed a consortium and acquired this group of companies with its main asset being a well known hotel and land on the shores of Lake Kariba in ...Read
A branded sports apparel and footwear distributor / retailer formed in March 2008 with operations in EMEA, India, Hong Kong, Indonesia and Vietnam. The group has licences for Fila, Ocean Pacific and Starter. In the last year the group has a turnover of €120m.
The group ...Read
Lambert Howarth Group sourced footwear, accessories and homeware products for retailers from its bases in the UK, Hong Kong, China, USA, Vietnam and Spain. It was predominately a supplier into M&S. The Group had been cash rich and had in place unsecured facilities with ...Read
This group of companies, offering franchised home services, had grown significantly through a series of acquisitions, and, following a significant acquisition in November 2007 trading difficulties had come to light which led to an IBR being performed on the business.
PNC was a quoted business that had grown by acquisition and had interests in both fixed line and mobile telecommunications. With a turnover of £65m, it employed 400 people operating from 50 retail stores and 4 other premises.
New credit lines were secured and the two ...Read
In the Autumn of 2008, we were approached by the major investor in a family business to advise on restructuring to survive the difficult trading conditions ahead. The business, a struggling retailer operating in both the UK and Eire, had a mixture of own stores and ...Read
This group of recruitment and interim agencies had refinanced its borrowings from a traditional overdraft facility to establish a confidential invoice discounting (CID) facility. The facility had been operating for three months when the directors had become concerned over the ...Read
Safetykleen is the UK’s leading parts-washing company offering the widest choice of machine, support and service options to the automotive sector and general industry.
We were called in to evaluate the impact of IFRS adoption for this group in advance of the ...Read
Private Equity backed £20m turnover mail order retailer of ladies apparel which operates under the brand names of Artigiano and Spirito. The company had been in trading difficulties for a couple of years and was refinanced in September 2008 and then, despite successful ...Read
Texon had once been the largest manufacturer of footwear components in the world. It had sales of $200m, a predicted EBITDA of $35m and 1,250 employees. The group comprised 57 subsidiaries and operated from 27 countries.
The Company had entered into a “Scheme of ...Read
Tottenham had floated with the aim of becoming a broadly based leisure business and embarked on a series of acquisitions. The acquisitions had not been integrated and though they performed well during the “earn out” period, thereafter earnings collapsed. Substantial losses ...Read