UK based TMT joint venture (with international interests) 50% owned by UK FTSE100 company

Appointed interim CEO in 2001 to close down a JV which was burning USD1m of cash per month.

Key achievements:-

• Achieved substantial cost reductions.
• Going concern sale completed within 4 month total project timeframe.
• Substantial savings versus closure route.

Current status - Company continues to trade in difficult sector/market conditions.

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