Durable Household Products

January 19, 2019 Aaron Reeves

Durable Household Products

Situation faced:

TAIGA was introduced to a loss-making business where the existing turnaround plan had stalled despite the injection of c. £100m in cash over a number of years.

Outcome achieved:

TAIGA supported the Directors in re-evaluating the established plan and led the redesign and refresh of a turnaround pathway. The plan provided clarity and direction to potential investors and an accelerated M&A process was undertaken and ultimately the insolvent sale maximizing investor returns.

Duration: 4 Months

End: 2019

Multi-disciplinary global service provider to the renewables industry

March 1, 2014 Aaron Reeves

Multi-disciplinary global service provider to the renewables industry

Situation faced:

Significant losses over a 4-5 year period, £0.75m of HMRC arrears, a cost base geared to expansion, little or no financial information, disparate and fragmented management and an overly complex group structure.

Outcome achieved:

Time to pay arrangement agreed with HMRC and £2.8M of cost savings delivered within 4 months. In collaboration with management a 3 year recovery plan was built which sees the business reduce its cost base, focus upon its core strengths and generate regular profits. Succession planning and fundraising to deliver this plan in the long term continue. Exited at the point where managementand shareholders believed they had sufficient funding to deliver the recovery plan.

Duration: 7 months

End date: February 2014

Manufacture, sale and distribution of biological medicines

February 26, 2012 Aaron Reeves

Manufacture, sale and distribution of biological medicines

Situation faced:

Acquisition and carve out of a unique biological medicine from a US medical appliance company, Stryker. The Newco had no Finance or administrative personnel as these duties had been carried out by Stryker. All international operations were based out of Limerick, Ireland.

Outcome achieved:

Carved out the International operations from Stryker and started separate operations in Ireland. Set up the finance and administrative function in Limerick, Ireland and Lyon, France. There also arose a needto establish tax-efficient processes to support taking over all product licenses for distribution within the EC and Rest of the World from Stryker and to be completed within an accelerated timeframe.