SECTOR

Automotive

BUSINESS DESCRIPTION

£200m+ revenue UK-based European Automotive Group which produces high volume, technical parts. The business is a critical tier one and two supplier to both UK and European automotive OEM customers.

DATE

June 2022​

SITUATION

• The Group experienced liquidity issues as a result of challenges facing their supply chain, including volatility in demand from OEM customers.​

A&M ROLE AND OUTCOME

• A&M was engaged to assess the Group’s options, establish the short term liquidity position and assist with managing a diverse stakeholder group.​

• Short term stakeholder support was secured in order to allow the runway to launch an accelerated sales process with a view to securing the Group’s long-term liquidity position.

• A&M assisted the Group with a restructuring of its debt facilities and in achieving a consensual, solvent agreement with key stakeholders. This was alongside the preparation of detailed contingency plans in the event that no consensual agreement could be reached.​