Case Studies

Real outcomes for real businesses. Every case study represents a company that was facing insolvency and found a better path forward through our restructuring plans.

Manufacturing

Midlands Manufacturing Company

A 25-year-old manufacturing firm facing winding-up proceedings from HMRC. We restructured £4.2m of debt down to £890k through a comprehensive restructuring plan, preserving 42 jobs and the company's key supply contracts.

Debt Before

£4.2m

Debt After

£890k

Timeline

14 weeks

Jobs Saved

The Challenge

The company had accumulated £1.4m in HMRC arrears and £2.8m in trade creditor debt following losses on two major contracts. A winding-up petition had been issued by HMRC, and the company was at risk of losing its key supply agreements.

Our Solution

We designed a restructuring strategy that compromised HMRC's claim to 25p in the pound and trade creditors to 19p in the pound, both significantly better than the estimated liquidation outcome of 3-5p. Creditors agreed to the terms despite HMRC initially opposing the proposal.

The Outcome

The business continues to trade profitably, all 42 jobs were preserved, and the company retained its key contracts. The restructured debt is being repaid from operating cash flow over 36 months.

Professional Services

London Specialist Subcontractor

A specialist services firm with £8.1m in debt across multiple creditor groups. A comprehensive restructuring plan restructured the debt to £2.4m, saving 87 jobs.

Debt Before

£8.1m

Debt After

£2.4m

Timeline

16 weeks

Jobs Saved

The Challenge

The company faced debts across HMRC, two commercial lenders, and over 40 trade creditors. Several creditors were pursuing county court judgments, and key client contracts were at risk of termination.

Our Solution

We structured a comprehensive restructuring plan with differentiated treatment for each creditor group. The commercial lenders received equity in the restructured business, HMRC received 30p in the pound, and trade creditors received 20p. Creditors accepted the plan despite one major lender initially dissenting.

The Outcome

The restructuring completed successfully and the business has since won three new major contracts. All 87 employees were retained, and key client relationships were preserved.

Property Development

Regional Housebuilder

A regional housebuilder with £12.5m in debt and three incomplete developments. We restructured the debt to £7.2m and secured new funding to complete the developments, preserving 120 jobs.

Debt Before

£12.5m

Debt After

£7.2m

Timeline

18 weeks

Jobs Saved

120

The Challenge

Rising material costs and subcontractor insolvencies had caused significant cost overruns on three housing developments. The senior lender was threatening to appoint a receiver, and the company had insufficient cash to complete any of the three sites.

Our Solution

We negotiated a standstill with the senior lender while designing a comprehensive restructuring strategy. The plan involved a partial debt write-down, equity conversion for the senior lender, and new development finance from an alternative provider to complete the three sites.

The Outcome

All three developments are now being completed, with projected sales values significantly exceeding the restructured debt. 120 jobs were saved, and 180 new homes will be delivered to market.

Could Your Business Be Our Next Success Story?

Every case study started with a single conversation. Book a free, confidential discovery call and let's explore your options.

Book a Discovery Call