Case Histories

Restoring banking relationship and finding an investment partner

Business: Private manufacturer of behind the meter battery energy storage systems for industrial and critical healthcare facilities

Size: £16m; 2 UK plants; 74 employees

A critical requirement for our business when Ian joined was to improve stakeholder management, most notably our bank. This situation became even more critical once the impact of the COVID-19 crisis began to emerge. Without the exemplary stewardship and guidance of Ian I do not believe we would have been successful in gaining full support of our bank through the covid crisis or have been successful in gaining the investment from SCF Partners

Background

Private family owned business with banking relationship and access to capital challenges

Actions and results

  • introduced 13 week rolling cash flow forecast and improved MIS reporting
  • restored banking relationship
  • led Board development of three year strategic plan, determining product markets of interest and resources required
  • supported Board in search for investment partner
  • secured £5m investment from SCF Partners Inc

 

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