After a successful outcome we are moving forward on the basis of his proposals.
Andrew Fraser, Chairman of manufacturing company
Areas of operation:
A BM&T Principal led the restructuring of a mid-sized, London-based professional services firm with £15m turnover which had experienced a downturn in revenue as a result of market conditions, cost competition and a failure to adapt their operating model resulting in losses. The cost base was reduced by 19%. Losses were stabilised and the business returned to a profit for first time in two years
The restructured business was successfully sold to, and integrated into, to a larger firm.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.