Large printing company transforms its financial results, turning a million pound loss into a £3.6m profit.

This business was in serious financial trouble – so much so that it would either survive or die. The management team couldn’t understand what had gone wrong. A year ago everything had seemed OK. They had a plan and they had been told that everything was going well.

Sometimes, though, what you are told isn’t necessarily what you hear.

The situation had been getting progressively worse, month after month. All the warning signs were there; clients were unhappy, employees were frustrated, the city was forever grumbling about the results – their patience was wearing thin. And just when you thought it couldn’t get any worse, the guy at the top left.

Thankfully he was quickly superceded by a new CEO. The first thing he wanted to know was “what’s happened?”

There’s nothing like cold hard facts to wake you up!

Collaborative quickly got to work explaining the current situation with cold hard numbers, and presented it to the management team. You could have heard a pin drop! There was no disputing what had gone wrong!

Thankfully at Collaborative we don’t just leave you with the bad news – we devised a researched, quantified plan of action which clearly showed how much each action would cost, the expected benefit, who was responsible for making it happen and when it had to be complete.

“Business Turnaround has to consist of a clear plan of action based on fact, not feeling.”.

Then we worked with the management team to make sure it was happening. Each month we would calculate the actual results against each action and report back. That way if anything was going wrong (or going right) further action could be taken quickly.

THE RESULT

The company added £2.5m to the bank balance and £4m to profit.

To find out how Collaborative can transform your financial performance pick up the phone today and call us on 0845 527 7507 for a FREE consultation.