Details of a number of formal engagements undertaken within the last twelve months are summarised below.
Identifying monies misappropriated by Director/Shareholder, who had been dismissed by the Company. Role included pursuing misappropriated funds, advising on litigation strategy, commercial and strategic advice to the Group with regard to ongoing trade, contractual disclosure facility declaration to HMRC, notification of fraudulent activity to Police.
Acquisition due diligence
High level due diligence role for owners of an existing successful business, seeking to acquire a significantly larger business operating in the same sector through a new purchasing entity. Role included meeting management of both the acquirer and the target, identifying significant areas of cost/risk to the acquirer, advising on funding viability for the new purchasing entity.
Formal insolvency procedure appointments
Liquidator of start-up technology business. Sale of business and assets to new venture.
Liquidator of business providing landlord management services.
Liquidator of solvent businesses, distributing residual assets to shareholders.
Various part time FD / finance roles
Primarily focussing on short term cash management and then ongoing strategic and commercial advice.
Start up business
Engaged with an inventor of a start-up business. Providing financial, strategic and commercial support including progression of the development of the product, engaging with potential customers and suppliers, cash flow and forecasting, managing shareholder expectations.
Settlement of a personal guarantee
Assisting an individual in achieving a settlement of a personal guarantee that had been provided to a high street lender. The individual was subject to proposed bankruptcy proceedings. The settlement figure achieved was significantly less than the debt being pursued and a mutually beneficial to both the lender and the individual.