After a successful outcome we are moving forward on the basis of his proposals.
Andrew Fraser, Chairman of manufacturing company
Areas of operations:
A French company, a subsidiary of a distressed US business, was in a spiral of decline because of lack of effective communication with the parent company. BM&T Principals assessed the viability of the operation and worked with local management to create an alternative strategy based on investment and top line growth. Local funding was obtained for both working capital and capital investment in a new state of the art printing line in a growth sector; food labelling. The new printing line generated increased sales revenues and margins. The subsidiary was turned around and from local funding able to repatriate much needed funds to the parent through loan repayment. BM&T prepared a sale memorandum which was used in the eventual disposal of the company.
Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.