Problem:

A South Wales based manufacturer had found itself in difficulties following a lean year trading, the effects of a less than ideal choice of managing director and the overall business climate. To compound these problems, their bank had been putting pressure to reduce the overdraft on an aggressive timescale.

Action:

After a comprehensive analysis, Mark Garnier and James Short worked with the company to deal with the immediate challenges. The shareholder issues were evaluated and suggested ways forward put to the MD. The financial position was stabilised and the company moved banks. Additional funding streams were proposed and then taken up, along with support for the due diligence process. The marketing and sales processes were examined and an Implementation Plan put in place.

Result:

The company turned from being loss-making to posting a turnover in excess of £2M with a healthy profit margin. The management structures were tightened up and plans created for new marketing and sales strategies. The company is further expanding its overseas sales.

Contact: info@AugMentor-uk.com