Plastic Injection Moulding Company - ReSolve Capital Partners

Plastic Injection Moulding Company

ReSolve Capital Partners

Plastic Injection Moulding Company

Our client, a plastic injection moulding company, was facing administration due to growing creditor pressure and a lack of working capital. Whilst the Company had a strong trading history, its management team was struggling to cope with recent growth and its principal bank had lost patience and threatened to withdraw its support.

ReSolve undertook accelerated due diligence and completed a cash investment into the Company within two weeks. This directly resulted in the Company avoiding insolvency, saving around 150 jobs.

As part of the investment a new interim management team was introduced by ReSolve to further enhance the existing management board. This provided fresh impetus and the implementation of a number of key performance measures resulted in improved production efficiencies and financial performance.

As a result of the successful turnaround the Company secured a new long term finance solution which facilitated full repayment of the ReSolve facility.

Commenting on the outcome of the investment the Company’s Managing Director said:

‘ReSolve provided a first class service throughout and the introduction of their experienced interim management team and fresh working capital helped to transform a business which was on the brink of administration. ReSolve’s expertise really shone through and I am looking forward to growing this business further together’

'When the opportunity to invest in this passionate and dedicated team arose, we recognised there was a core business which, provided with the right support and direction, could thrive even in this challenging economic environment. The Company’s success boils down to hard work, determination and a keen eye for detail, and we will continue to help the team achieve its future objectives.'

Cameron Gunn, Senior Partner, ReSolve

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