Electrical Contractor in Edinburgh
Information
Location: Edinburgh
Industry: Electrical and Mechanical
End goal: To successfully execute a restructure of the business
Biggest win: We saved the business over £250k of debt, saved all of the staff’s jobs and relieved an enormous amount of stress from the owner.
About Success Story
The owner of this long established electrical and mechanical business in Edinburgh approached us to help him save his business future. They had gotten into a large amount of debt because of a lack of systems in place and their biggest client also failed to pay on time for a big project. This was a one off project that we successfully executed on inside 6 weeks, rather than becoming longer term partners.
Biggest Challenge
Creditor pressure which was putting a strain on the businesses finances and the owner was becoming increasingly stressed.
How We Solved It
We devised a specialist turnaround strategy, working with the business owner very closely and educating them on the process. We quickly discovered that for a relatively small fee, we were able to reduce the business liabilities by over £250k. We also ensured there was no disruption to the customers or staff by working discreetly.
OTHER INFO
The business owner was delighted with the speed of execution as it ultimately saved his financial future, risk of reputational damage and protected the jobs of his team.
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