SECTOR

Automotive

BUSINESS DESCRIPTION

AIM listed automotive light manufacturer ​

DATE

March 2021​​

SITUATION

• AIM listed business which manufactures light engineering products, predominantly for the automotive supply chain.​​

A&M ROLE AND OUTCOME

• Following the loss of a major contract the business experienced a significant reduction in revenues and imminent liquidity issues.​

• A&M engaged to establish the short term liquidity position, manage an accelerated sales process and prepare contingency plans in the event that the sales process was unsuccessful.​​

• The sales process resulted in a solvent transaction and the introduction of new equity funding to support the business through a turnaround plan, avoiding insolvency altogether.​​