Heavy Construction

October 17, 2019 Aaron Reeves

Heavy Construction

Situation faced:

TAIGA was introduced to a long standing Construction Group that had lost approximately £9m over an 18 month period and had an inherited Pension deficit of c£50m. The business had suffered from poor order intake and a dysfunctional management team which exacerbated the situation.

Outcome achieved:

TAIGA worked with the existing management to understand the position and develop appropriate recovery plans. Operational, financial and sales processes were highlighted and prioritised and the plan was implemented by the incumbent team.

Duration: 5 Months

End: 2019

General construction business

September 1, 2016 Aaron Reeves

General construction business

Situation faced:

TAIGA was introduced to a business facing significant contract losses in addition to a dispute with a large customer. The business was in a critical cash position.

Outcome achieved:

TAIGA worked with the incumbent management team and quickly introduced cash management support to manage the short-term business need. A robust business plan was co-created with the management team and advice provided to manage a challenging situation for Directors.