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

A Ground-working business focused upon the house building sector

A Ground-working business focused upon the house building sector

Situation faced:

TAIGA was introduced to a loss making group of businesses where trust had broken down between family owners and management.

Outcome achieved:

Working with the owners and Directors TAIGA strengthened the Board and established a turnaround plan that owners funded in 2018. As part of this plan TAIGA initially introduced a small team to build out a long term financial model and introduce robust cash forecasting and management.

As the turnaround progressed an experienced construction chairman was recruited and Jeff Holder moved from an Executive role into non-executive capacity in mid 2019.

Duration: 2 years +

End: Ongoing

Small scale, rapid response, gas power plants

Small scale, rapid response, gas power plants

Situation faced:

TAIGA was introduced as a temporary market change had led to a rapid drop in profitability and subsequent cash pressure. The cash issues unveiled deeper corporate governance issues within the Group.

Outcome achieved:

TAIGA introduced a cash management team in support of the existing accounts team and in collaboration with Directors constructed a plan for recovery that facilitated a financial restructuring of banking facilities. The Company remains EBITDA positive.

Duration: 3 months

End: Feb 2019

Project management & labour supply into the UK rail markets

Project management & labour supply into the UK rail markets

Situation faced:

Loss making business operating with one large underperfoming contract, limited financial information, a range of corporate governance issues, no plan and an ever-worsening funding position which had seen debt rise substantially over the recent past.

Outcome achieved:

Provide a diagnostic review to the business and then work with management to improve cash management techniques, build a 3 year recovery plan including significant financial restructuring, improve corporate governance and management information systems whilst also increasing accountability, targets and responsibilities to the wider team.  Operational improvements and management team strengthening will form a key component of the plan.

Duration: 2 years

End: 2017