Image Reflection

Success

Construction Group 2

Background

  • £5m turnover construction and demolition group of businesses.
  • Historically profitable with strong asset base until downturn in 2009.
  • Rapid increase in overdraft facility leading to being placed in business support.
  • Major accounting firm asked FDYL to assist due to concerns regarding the management information and management team.

Phase One

all hands on deck
  • Assessment of current management team.
  • Review of management information and financial controls.
  • Implementation of robust 13 week cash flow forecast.
  • Recreation of missing accounting records.
  • Initial recommendations presented to the bank
 

Phase Two

assess the validity of
the business
  • Continued management of short term cash flow.
  • Engagement with HMRC / other creditors.
  • Investigation of the hire fleet and other fixed assets.
  • Assessment of current revenue streams and trading for each business.
  • Consideration of the viability of each business and review of budgets and cash flows
  • Key findings and recommendations presented to the bank
 

Phase Three

strategic review/
restructuring advice
  • Combined approach with major accounting firm to perform full strategic review and provide restructuring advice
  • Continued monitoring of the cash flow
  • Continued provision of financial management
  • Input into restructuring of management team


T:01274 876822
E:info@fdyl.co.uk

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Interim Finance Directors   |    Management Accounting   |    Acquisition and Disposal   |    Restructure, business support and recovery   |    Independent reviews

Premier House, Bradford Road, Cleckheaton, BD19 3TT              T: 01274 876822              E: info@fdyl.co.uk

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