Mandate

Asnad teams were tasked with a turnaround of the automotive group which faced significant losses and was at risk of insolvency.

‍

Resolution

Deployment of several teams to complete an assessment and course correction which saved the company from insolvency and firmly put it on a path to progressive profitability.

‍

Key Success Factors

• Access to several teams with broad expertise
• Previous sector experience
• Strong team dynamics

‍

‍

‍

Key Specific Actions Taken

• Identifying and mitigating serious compliance issues
• Change in leadership and hiring of key roles
• Introduction of reporting and budget standards
• Audit, reconsolidation and correction of financial records
• Introduction of 5-year business plan and forecasting model
• Direct intervention and implementation over bank loan settlement and communication with banks

‍