Case Study
Security Company Case StudyIntro
A Recommended Restructure Became a Long Term Project.
After completing the analysis the owner realized that the company needed someone to help steer it in the right financial direction.
That led to me being appointed Chief Financial Officer. And later to the position of Chief Executive Officer of the company.
I ran the company for a number of years inplementing the proposed restructuring during that time.
The company had no debt apart from some small equipment & vehicle finances, and still to this day operates without any debt.
Details
Taking Security to The Next Level
Challenge
On the surface the company appeared to be growing successfully however even though turnover was increasing the profitability was in a steady decline.
Although the company had no debt, wage growth in servicing new contracts was reducing the margins of the business and collections were being blown out.
The challenge was to find those areas where the business was leaking and plug them.
Solution
On completing the analysis, the first order of business was to reduce the fixed costs. This was mainly accomplished by restructuring the business and eliminating an area of the business that was a drag on profitability.
The growth in wages were brought under control by changing the balance between contractors and fulltime employees and a few slow paying clients were either brought up to date and/or terminated.
Testimonial
“I can’t believe it took us this long to make a change. So happy that we did. The Numbers don’t lie.”
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Get In Touch
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