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.