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This
involves working three to five days on site, and results in a formal
report from Collingwood regarding the way forward for the client
firm. The report produced:
- Summarises
the main activities of the business.
- Looks
at the basic strengths and weaknesses of the client company.
- Highlights
the main issues facing the client company.
The
report is often discussed on a pro bono basis at a separate meeting
between the client and Collingwood.
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'Turnaround'
Project Summaries |
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IT services group (£20m) Sep 00 to Mar 01 As CEO and CFO, re-financed
the business, established a continental presence, and restored
company to break even after £7m losses in the previous year.
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Patisserie (£6m) July 04 to Dec 04 As operations director, restored
the company to profit after five years of losses. |
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Manufacturer (£6m) Nov 04 to Oct 05 As CFO then CEO, moved company
to £200k pa profit from £650k pa losses. |
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Data
required by Collingwood to carry out this study include:
- The
last several months (at least four) management accounts.
- A
review of company funding.
- Costing
information including staff costs, and margin analysis.
- Key
business statistics used by management to run the business (this
latter will vary from business to business).
Senior
staff should be made available to Collingwood during the introductory
review.
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