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Auto Parts Manufacturer
Turnover - £13m
Sector - Manufacturing
The Project:
Founder death and complex family trust structure led to a requirement of support to secure the future of the business
Output:
Threat of closure/insolvency was avoided, protecting 169 jobs
Profit returned in year 1 with run rate to increase in place
New shareholder introduced with industry experience to support the Trust and the business
The business returned to live book with the lender within 2 years
The business continues to perform profitably year on year
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