Case Study: Business Turnaround

In this case study you'll hear how a Wholesale Pharmacy business, with a turnover of £1.5m was in a terrible position. When the owner approached us he wasn't sure he'd be able to pay the staff wages and was really worried about what to do. We helped re-finance the business, took away the angry creditors and then helped the owner sell it.
Challenges
  • Lost Invoice Financing facility
  • Cashflow was negative & bumpy
  • Purchasing Inefficiency & Dependent on 1 person
  • Creditors constantly calling

 £1.5m t/o Wholesale Pharmacy
Business Turnaround 
​Completed Sale

Changes & Solutions Implemented
  • Dealt with Creditors & agreed payment plan
  • Business re-financed in 3 weeks
  • Purchasing semi-automated & process mapped
Results Achieved
  • Positive cashflow created & smoothed out
  • 75% reduction in purchasing time
  • No more angry creditors calling
  • Business turned around and sold in 5 months

Testimonial

"Once I'd seen their plan it was such a relief to have a clear path forward. They dealt with all the creditors and talked to the staff, taking a huge strain off my shoulders. It was in such a better shape after just a few months we had interest to sell it and so with Giles' help we sold it. Thank you!"

Business Owner, Wholesale Pharmacy