Restructuring and sale, whilst still solvent, of a distributor of premium food and drink products

Context

Manufacturer and distributor of premium food and drink products

Objectives

Meet immediate liquidity requirements
Identify areas of loss and underperformance within the business
Implement a turnaround plan

Deliverables achieved

Diagnosis of the causes of underperformance and identify levers for recovery
Development and implementation a structured, phased turnaround plan
Bank debt restructured as part of a settlement
Sale of the shareholding to a third party whilst still solvent

Key success factors

On-site presence within the company, acting as an interim Chief Financial Officer to directly oversee the transformation
Independence and objectivity, enabling decisions to be made based on the company’s actual challenges
Knowledge of the dynamics of negotiation and rescheduling of repayment terms with creditors
Command of the legal framework

Tools used

Excel

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