Luxury fashion retail chain

August 29, 2019 Aaron Reeves

Luxury fashion retail chain

Situation faced:

TAIGA was introduced to a loss-making UK wide retailer with a challenging cash position and poor quality financial and operational reporting.

Outcome achieved:

Introduced cash management and strengthened the team with interim FD appointment. TAIGA supported the Directors in development of turnaround plan based on cost reduction strategies and secured ongoing funding support from the bank to implement the turnaround.

Advisory support and cash management continues.

Duration: 12 months +

End: Ongoing

A Ground-working business focused upon the house building sector

August 28, 2019 Aaron Reeves

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

Textile dyeing and processing

July 10, 2019 Aaron Reeves

Dyeing and processing of textiles

Situation faced:

TAIGA was introduced to a loss-making business that was asset rich but faced a short term cash challenge.

Outcome achieved:

TAIGA undertook to support the Directors in a forming and implementing a restructuring plan and the closure of certain loss-making business segments. The group has now recovered to profitability and has ongoing support from it’s funders.

Advisory support continues.

Duration: 10 months +

End: Ongoing

Small scale, rapid response, gas power plants

March 13, 2019 Aaron Reeves

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.