Media business
The business operates in the fast moving hi-tech sector providing interactive media services to television broadcasters, website and mobile phone, content management, advertisers and retailers. Significant trading difficulties were encountered during the early 2000's principally arising from issues in introducing a key service.
We were introduced to management during late 2006 by its senior debt provider who saw the need to stabilise the business and put it onto a firm financial footing in order that it could capitalise on its enormous potential.
We negotiated stand-still arrangements and long term repayment plans on the basis of achievable cashflows with all key suppliers which included several prominent global players and also H M Revenue & Customs.
We have assisted with the formulation of a long term strategic plan and are acting as restructuring officer with the funder and management. A key component of the strategy is to secure further funds in order to ensure the business realises its full potential.
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