Care Home Operator and Service Provider
Company had deteriorated in to heavy loss making situation with the result that all loan repayments had ceased.
Financial reporting had ceased completely and the bank was threatening closure. As Part Time FD brought all management accounts up to date, set up robust reporting formats and procedures, set up weekly and monthly Key Performance Indicators and allowed management to focus on the commercial and operational aspects of the business.
The company returned to profitability, loan repayments were recommenced and the bank agreed a refinancing of the Company. All achieved in five months.