The signs business was part of a group that was experiencing financial difficulties due to problems elsewhere in the group. The team managing the business wanted to take up the opportunity to acquire the business.
We explained the process to them, produced their plan, obtained finance from appropriate sources, negotiated with the insolvency practitioner, and saw them through the legal process. We have also helped them through the initial start up process.
They are now trading, own the business and can trade on into the future. We gave mentoring support over their two years and now they are going forward.