Our client was an Australian listed technology provider (hardware and services). They contacted us when their core business division was in serious trouble – and needed urgent action to turn the business around and get back to profitability quickly and sustainably.
We led a full review process to quickly understand the dynamics of the business, the root cause of their recent trading issues, the cost and margin base and market dynamics.
We brought in subject matter experts and worked closely with their own leadership team to create a rescue plan.
The plan involved significant restructuring of their business operations, resources and commercial agreements.
Whilst these major restructuring projects can be difficult for staff – when they are handled with honesty, clarity and genuine engagement the outcome can be very positive.
In this case the post-restructured business returned quickly to profitability and put the business on a much more sustainable base on which to pursue future growth.
