THYOR

Representative composite case study

Liquidity and lender-information reset for a sponsor-backed services company

Business services · Sponsor-backed middle-market company · Interim CFO support, cash control and refinancing preparation

Composite disclosure

Representative composite based on recurring mandate patterns. Client identities, facts, timing and results are altered or combined for confidentiality and should not be read as a claim about one identifiable client.

Situation

Acquisition growth had created reporting and covenant pressure

SectorBusiness servicesClient contextSponsor-backed middle-market companyMandateInterim CFO support, cash control and refinancing preparation

A services platform had completed several acquisitions without integrating finance processes. Reporting arrived late, working capital deteriorated and covenant headroom was narrowing.

The platform remained commercially viable, but the absence of a direct cash forecast and integrated reporting made every stakeholder discussion reactive. Stabilisation had to occur while management continued integration and normal operations.

Constraints

What shaped the work.

  • The company had to maintain customer delivery during the reset.
  • Lenders required weekly information.
  • Several entities used different billing and close processes.

Work performed

How the mandate was approached.

  1. 01

    Installed a 13-week cash flow and variance process.

  2. 02

    Rebuilt lender and board reporting.

  3. 03

    Launched billing, collections and cost actions.

  4. 04

    Prepared an integrated refinancing model and finance-organisation plan.

Deliverables

The working artefacts.

  • 13-week cash model
  • Lender pack
  • Integrated forecast
  • Working-capital programme
  • Finance-function roadmap

Expertise applied

Connected practices under one lead.

Office of the CFORestructuringTransactions & Capital

Next step

A comparable situation to discuss?

Describe the facts at a high level. Specific experience and fit will be discussed confidentially.

Discuss a Situation