Areas of operation:
BM&T Hellas cooperation partner Critical Solutions led the restructuring of Bank loans and identified a new financing partner (ABB). Evaluated the new market strategy and opening of new export markets. Assisted with plans for the expansion and modernisation of the factory and the infrastructure, alongside a new 3-year plan and budget in support of this strategy.
Successful restructuring of Bank loans completed and successful implementation of new Business Plan, with emphasis on exports. Sales increased by 16% in 2017 and 23% in 2018. Profit has increased by an average of 20% per year.
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Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.