Group of Care Homes

Group of Care Homes

Situation faced:

TAIGA was introduced to an EBITDA positive care home Group that was under-performing and over-leveraged with poor quality management information.

Outcome achieved:

As a priority TAIGA introduced cash forecasting and management support and enhanced financial and operating reporting to stakeholders. Working in collaboration with the Directors the team developed long term financial and operational plans and secured ongoing banking support.

Advisory support and cash management continues.

Duration: 5 months +

End: Ongoing

Development of CHP plants for industrial markets

Development of CHP plants for industrial markets

Situation faced:

A £15m equity fund raised to identify, develop and operate CHP plants for blue-chip industrial users.

Outcome achieved:

Jeff Holder has operated as Non-Executive Chairman since the funds inception. All the SPVs are profitable, cash generative and successful.

Duration: 3 years +

End: Ongoing

Renewable Energy Facility

Renewable Energy Facility

Situation faced:

TAIGA was introduced to a loss-making Renewable Energy Facility operating with a wider Group. It was a highly complex situation with multiple stakeholders and funders. Funding requirements had developed for multiple reasons across the Group.

Outcome achieved:

TAIGA Led a de-merger of the facility from the Group at a substantial discount to cost. As part of the de-merger the business established a new trading relationship with previous owners and secured a substantial investment from new investors.

In addition, the business secured a multi-million R&D tax reclaim. Post de-merger Jeff Holder operated as interim CEO to allow investors to consider if existing the facility could become profitable. Ultimately it was concluded that this was not possible and TAIGA led a subsequent mothball process and sale to developers. Bank recovery was significant against original position on entry.

Duration: 15 Months

End: 2016

Manufacturer of voltage optimisation equipment

Manufacturer of voltage optimisation equipment

Situation faced:

TAIGA was introduced to a loss making business with low volumes, high costs and a dysfunctional board with cash pressure as a consequence.

Outcome achieved:

A small TAIGA team Introduced cash management support whilst established a plan for turnaround. This incorporated strengthening sales & CRM, reducing overhead costs and developing new products. Supported the sale of the Company to an investor.

Duration: 8 Months

End: 2015