HOW WE HANDLE INTERIM CRISIS MANAGEMENT

Mandated by European client to take control of and manage on an interim basis, one of the world’s largest luxury boat manufacturers in business distress post the resignation of the former MD. Sizeable business with six manufacturing sites, c. 500 employees and an annual turnover in excess of $45mil requiring stabilisation and short term improvements.

Took control of senior management team and delivered the following commercial turnaround of the business, alongside the management team through addressing key systemic issues. Crisis Management Implementation projects included: 

1. Stabilised the business by realigning the organisational culture, ensuring staff believed in the future of the business. 

2. Reengaged key stakeholders to repair previously damaged relationships  

3. Streamlined inventory management through reduction of non-essential inventory holdings 

4. Cost reduction initiatives – focus on reducing excessive spend, prioritised purchases 

5. Manufacturing efficiency gains program in the manufacturing process; introduction of flexi-working 

Restructured corporate debt and changed organisational structure to stabilise the business, taking it from an extreme crisis situation and enhancing the value before selling to a trade buyer. Exited the business realising significant returns for the primary investor.