This foremost world-class manufacturing business was acquired with working capital injection estimated at £2.5 million saving all jobs.
Our client, regarded for more than a century as one of the foremost manufacturers in the world in its niche sector, had suffered a series of reversals of fortune not linked to the recession. Working capital and reserves had been exhausted, the bank – justifiably so – were unable to continue to offer the range of instruments necessary for the business to trade properly. The company had already entered into a CVA (110p in £ repayment).
We were introduced by the bank to locate urgent funding. Without a quick solution the business would have failed. This would have been a complete tragedy, not least given that the level of signed orders already received by the company would return it to profit in the coming year.
At the outset – some of the key factors:
What was achieved – the deliverables:
57-58 Russell Square, London WC1B 4HS
Beer & Young Limited is registered in England No. 3566503 | 57-58 Russell Square, London, WC1B 4HS | 020 7637 7755 Beer & Young is not authorised or regulated by the FCA. If you are in any doubt about the contents of this website, you are strongly recommended to consult a person authorised under the Financial Services and Markets Act 2000 (“FSMA”) to give advice in relation to investment in equity and debt securities issued by unquoted single companies.