Financial Services. Recapitalisation
In March 2018 ReSolve was engaged by an independent and established organisation providing financial services. Due to significant growth the company was experiencing overtrading issues. ReSolve was engaged to advise the Board of Directors on their options and assist in obtaining additional funding from third parties.
Having reviewed the financial position of the Company, ReSolve provided comfort to the Board that they could continue trading whilst solvent investment offers were considered. Two weeks after ReSolve’s engagement, the Company successfully raised the necessary funds enabling the business to be recapitalised and embark on its continued growth plans.
Client CEO commented: ‘Following a period of rapid growth we were experiencing cash flow difficulties and needed a fast resolution to ensure our business continuity and sustain our growth plans. With good advice and support from ReSolve we were able to quickly raise funds and achieve a very satisfactory outcome for both ourselves and our creditors.’
Cameron Gunn, ReSolve founder responded: ‘We were determined to explore all options to ensure the continued growth of the business and are delighted that the Company was successful in raising the funds required. We look forward to seeing it grow and wish the Company the best for the future.‘