Success

Case Studies

Electronics Manufacturer

£3m turnover, leading international provider of data terminals to the oil and gas sectors based in Yorkshire
Historically profitable with strong asset base until downturn in 2009
Prior to a management buy-out in mid 2009, the company was a wholly owned subsidiary of an overseas based group
FDYL involved in the financial management of the company, both before and after the MBO
Sales in 2009 declined 40% compared with 2008, leading to significant losses and cash drain

financial management

Assessment of current finance function
Review of management information and controls
Daily short term cash flow forecast prepared and major creditor issues reported
Commenced negotiations with invoice finance provider to secure £400,000 of funding

strategic and operational

Continued management of short term cash flow
Engaged with major supplier to secure additional credit
Prepared integrated rolling 26 week cash flow forecast, enabling sales management to agree customer delivery dates, yet ensure that the related working capital needs did not cause overdraft excesses
Secured EFG loan in 2 phases
Appointed project manager of ERP/MRP implementation (5 months)
Prepared fully integrated forecasts for FY2011 & 2012
FDYL continue to provide interim financial management and advice.

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E:info@fdyl.co.uk

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