Boardroom level assistance and direct support addressing their lender
Successful ‘rolling’ renegotiations of banking terms and appeal with high court judge regarding rate derivative product
Effective introduction of financial and performance systems that allow the business to concentrate on established KPI’s, reacting accordingly
Our client owns and operates a group of hospitality businesses including x3 hotels and x4 restaurants in the South West of England. Our involvement has been in providing financial guidance both at a site level and at board level. The company was involved in the Mis-selling of interest rate derivative products (Swaps) and has been engaged in negotiations with its lenders. Our key focus has been to sit alongside the board when reasoning with their lenders and engaging with accountants and legal representatives.
Operationally we have been involved in setting up financial and performance systems that benchmark the business against historic performance and budgetary demands on a daily, monthly and annual basis. Enabling the business to react in ‘real time’ to variations within the business and make changes required.
