A formerly successful company enlisted the services of One80 experts to conduct a business review and advise on options following a period of financial instability.

The challenge

Our client was formerly a successful company turning over £5million which saw revenues collapse to £1million due to a sudden fall in oil and gas prices. This led to sector-wide spending cuts and a £1million profit turned into a £1million loss within two years. The director was keen to continue operating the company but found themselves unable to do so whilst upholding the existing structure of the business which was under the heavy weight of debt. One80 experts were introduced to the client via their funder who was concerned when the company showed signs of financial distress.

The solution

We were engaged to carry out a low-cost review within 48 hours so that we could advise the director on his options. The quick turnaround of this review meant we had to be thorough yet swift in how we analysed detailed company information. We enlisted the support of various One80 team members to ensure we could carry out the required task within the tight timescale provided.

We were able to execute the review of the business and collated our findings in order to provide a clear overview of available options and communicated our recommendations to the director. We discussed potential strategies and made sure to give concise explanations so the director was well informed when making the final decision.

It was agreed that we would develop an AMA strategy and ensured that we adopted a collaborative approach with the funder to obtain their support. In addition to this, One80’s finance brokerage was asked to seek an appropriate funding package for acquiring the company and a six-figure TLR claim was prepared.