Turnaround Finance: MANUFACTURER OF STATIONERY PRODUCTS

BUSINESS TYPE:	MANUFACTURER OF STATIONERY PRODUCTS
LOCATION:	LONDON
RESTRUCTURING:	SUCCESSFULLY COMPLETED

We were engaged by the directors to assist them in reviewing their options after their bankers had highlighted serious concerns regarding the solvency of the business. The client utilized our expertise in these situations in order to help present clear proposals to the bank. We also assisted in devising a workable recovery solution which the directors decided to adopt.

The bank was supportive of the process and their exposure was successfully ‘ring fenced’ as they required. The directors have acknowledged our assistance in achieving this result.

'At the time we engaged Beer & Young, we felt that we had no way forward for our business. Their professional advice and support was invaluable through a long and difficult period. They were instrumental in helping preserve our business and the jobs of 120 employees.

We would strongly recommend their services to any SME business in financial distress.'

Directors