FTSE 250. Corporate Simplification
A FTSE 250 business, and a leading UK business within its sector, pursued a successful acquisition strategy in late 2015 resulting in the purchase of a group of businesses that have subsequently doubled turnover. Adapting to the synergies this created, and assessing its restructuring options, the business engaged with potential partners to execute their corporate strategy and chose ReSolve Advisory based on track record, engagement style and value. It was an important decision as the success of the acquisition overall would in part depend on the restructuring outcome.
ReSolve, working closely in collaboration with the business’ legal, secretarial and finance teams, were able to quickly assess the initial scope and propose a corporate restructuring plan with a first tranche of almost 50 entities removed from the regulatory financial reporting environment. Dealing with, amongst other things, loss of corporate memory and ensuring a smooth and low risk process, ReSolve are seeking to provide a quick, effective and permanent solution. It’s a great example of helping a successful business grow and deal efficiently with the complexities that arise from consolidation.
It’s an exciting project on which to be engaged, working with an ambitious organisation that is competing successfully in its sector.