ReSolve raises funds to save UK organisation - Resolve Group UK

ReSolve raises funds to save UK organisation

Plants growing from piled coins

ReSolve raises funds to save UK organisation

ReSolve was recently engaged to advise the board of a UK based electric commercial vehicle developer which was experiencing severe cash flow problems and on the brink of insolvency.

The company had already received £25m from investors but urgently required further emergency equity finance from a consortium of investors.

ReSolve advised the board on critical cashflow management as the company approached insolvency. At the same time a parallel contingency planning exercise was undertaken and fast track negotiations with potential acquirers of the business were started in case the emergency equity raise failed.

As a result of ReSolve’s involvement funds were successfully raised and the company was able to avoid insolvency.

‘We are delighted to have been able to achieve a successful outcome for this organisation to enable the company to remain as a solvent going concern. ReSolve will always strive to find solvent solutions to difficult commercial situations and, as this was a particularly complex and challenging case, it is especially rewarding to have enabled the company to survive.’

Lee Manning, Partner, ReSolve

Read more news

Go back