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.
Duration: 6 months
End: 2015