Kingsgate were engaged as CEO with the remit to take a business with turnover of £29 million and £400k loss to £50 million turnover and £1.6 million PBT
Removed and replaced senior management team. Changed culture and direction of the business
Rebuilt business after catastrophic fire
Merger, acquisition and integration achievements
Advising a mid-market PLC Board on cost-reduction and M&A.
Raised £50 million via a rights issue on the London Stock Exchange to strengthen balance sheet and restructured the arrangements with 15 European banks.
Raised £20 million via a rights issue on the London Stock Exchange to finance the purchase of Eriksson’s distribution business in the Nordic, and then integrated this into European acquiring business.
Purchased East-European business for €5 million and integrated into acquiring Western European business.
Set up joint venture in Hong Kong to serve the Chinese market.
Sold Swiss systems business for £8 million to German competitor.
Implemented common IT platform and harmonised business process across Europe in 18 separate companies.
Delivered €30 million logistics project on time and budget for a new facility in Holland.
We are a turnaround, transformation and transition business working in challenged or failing organisations who understand how to improve results in difficult environments. We both design and deliver solutions in all stages of turnaround and challenged situations.