Quoted UK based international aggregates group

5 month project with £250m turnover group with operations in the UK, US and Poland. At the start of the project the group's share price had collapsed to minimal levels and it was expected to run out of cash within weeks.

Roles:

- CRO and main board director
- Cash management

Key achievements:

- Cash flow managed to avoid "new money" need for the whole 5 month project
- UK cash flow negative business restructured and now cash positive
- US business separated to a stand alone basis and steered into Chapter 11 to achieve a restructuring

Current status: Continuing NED role in restructured group which is trading profitably in challenging market conditions