The company has earned an excellent reputation as a traditional family retail business with good service standards. Recent expansion has caused a severe increase in borrowed money which the company has not experienced before. Early action was needed to arrest the deteriorating trend.
We produced a Business Plan with Action Plan for the next twelve months incorporating asset disposal, redundancy programme and immediate cost savings. We assisted the Client in acquiring improved management information and mentoring support with nil cost against savings already made.
They are trading at the same sales but with reduced costs and information is available to manage the business.