A Company Turnaround - Redefining Value
Turning Around.
In 2018 Solar Flare Services were engaged to provide insight, expertise and business knowledge, to facilitate and develop directive action for the Executive Team to turnaround this multi-million turnover engineering and professional training company.
How the Service Helped?
We engaged the whole workforce in identifying the true value offering, developing solutions, re-engaging with the customer base and working with the Executive as a single company team.
The Challenge.
The business had lost sight of its customers and core business, quality was suffering, and morale was low following a major staff reduction exercise.
Return on Investment.
6 months to recover the investment through cost saving. Funding secured within 3 months to move the business forward.
Executive Summary
Training 2000, a company with a 50-year heritage, had been acquired and wasn’t performing as expected. Significant market changes had occurred particularly to their main income stream. An initial investigation had already taken place. Solar Flare Services were engaged by the owners to work with the Executive Team.
Results
- A new Company Strategy and 3 Year Business Plan were developed, delivered and endorsed.
- Funding secured for the future.
- Business heading back to growth from loss making.
- A new CEO was appointed.
- The company was re-organised.
- A new Business Development function was created
“ Your help and support in this transitional phase for our business has been genuinely invaluable. You have offered insight through detailed analysis of our activities and sound advice based on years of experience.”
CEO, Training 2000
