Insolvency Looming

PROBLEM:

An established metal stockholder thought there was no way to avoid insolvency for their struggling business until they were introduced to Essendon.

SOLUTION:

  • Called in the cavalry  – that’s our battle-honed business leaders – to inject expertise and strategic guidance into the business, supporting directors and senior managers and enabling them to adopt a winning strategy that has helped to stabilise the business generally and rebuild supplier and customer confidence.
  • Provided £400,000 of funding to support other lenders and give the business the breathing space it needed to get back on its feet.

OUTCOME:

Just six months after Essendon’s initial business involvement, the company returned to profit and today its clear strategic focus is guiding it towards sustainable future growth.

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