Introduction by Lloyds Bank has developed into an ongoing long-term partnership over two and a half years that has:
• Returned a struggling £2m turnover business to sustainable operating profit and positive cash generation;
• Improved profitability by £100k in each of the past two years;
• Introduced simple but effective management information to forecast cash and report on business performance that allows the Executive team to better direct and manage the business;
• Rebuilt trust in the business on the part of its bankers;
• Secured circa £0.5m equity value for the shareholders, with a target value of £2.5m by July 2013;
• Maintained employment for a staff of 20.
"We have never understood our business as well as this", Board Director