TURNAROUND MANAGEMENT

The dismal outlook of the financial markets in recent times has created a deep hole in operation platforms of many corporate entities due to the persistent liquidity crunch. While many corporate outfits have closed down, some are preparing for voluntary liquidation and a few others are just lurking around in the maze of indecision.

Armed with robust experience on the success of the past, we are poised to turn around both small and big companies in distress. With our multi-dimensional approaches on corporate finance and risk management as well as our track record, we are set to transform businesses. A key example is the successful turn around of Livestock Feeds Plc.

Livestock Feeds Plc, the only livestock feeds company quoted on the Nigerian stock exchange, had incurred an average of two hundred million Naira (N200million) loss each year for six consecutive years, a negative shareholders funds in excess of one billion Naira, indebtedness to financial institutions in excess of one billion and two hundred million Naira, accumulated unfunded gratuity, several pending court cases and of course several months salary arrears.

With our mandate as turnaround managers and in conjunction with the board, we were able to successfully re-organise and transform the organisation into a profitable and sustainable business. We carried out a business process review and re-engineering as well as financial restructuring. The current form of the company attests to the quality of work done.



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