Addressing sales losses in a major manufacturer
The Situation
A Tier 2 company specialising in gearbox components fell into a significant sales decrease during the financial crises of 2008. The challenging situation affected the mother company and a recovery was needed.
The Solution
- Our client appointed a WIL Group member partner as the CFO. A financial diagnosis was made that identified clear weaknesses and a recovery plan was implemented which included treasury stabilisation, working capital optimisation levers and improved reporting.