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BM&T were appointed CRO of a Swiss company with subsidiaries in UK, Germany, France, Sweden and Spain. The Swiss company was a subsidiary of a US company in bank workout. Immediately upon appointment the CRO moved to avoid a Swiss insolvency by challenging legal advice and changing advisors. Over the following nine months he monitored tight group cash flow, resolved loss making operational issues in Sweden and France, resolved trade mark issues in the Swiss company and prepared the companies for sale. When the parent company entered Chapter 11 in the USA all the European subsidiaries were profitable and cash positive and successfully sold.

Company Doctor's Diary

Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.