Projects
-
£20m turnover copper wire drawing business based in Normanton;
-
Full-time on site presence for initial 6 month period, thereafter flexible (typically 3-5 days per week), working in conjunction with Italian based directors;
-
Managing continued production (through COVID implications), cessation of trade, redundancies of all staff, sale of plant and machinery and vacant property sale;
-
Managing difficult staff dynamics;
-
Full repayment of lender debt exceeding £6m;
-
All creditors fully repaid;
-
Ongoing off-site administrative function being undertaken. Ultimately, a multi-million pound distribution will be made to the parent company.
Interim supportive MD role April 2021 to May 2022
A leading copper wire manufacturer based in Normanton, West Yorkshire