Leadership in Challenging Times

interim management london

Wherever the business is situated, whatever the sector and armed with a defined plan, interim executives turn stakeholders‘ objectives into operational results.

Turnaround & change management

The PILOTpartners team is the acknowledged leader in the provision of interim executives for difficult and challenging situations. We operate a widely admired, individually vetted Panel of turnaround leaders and functional specialists with experience of running projects in the UK and internationally.

Any board that sees difficulties ahead with limited liquidity available should be talking to a turnaround specialist now. They should generate more than enough cash to pay for themselves immediately and offer stakeholders a real alternative to gloom and inertia. And most of those provided by PILOTpartners will be happy to provide an initial health check without charge.

Success out of crisis

Asset rich, loss making £60m turnover pubs, retail & wholesale group with no senior management team or strategy following the death of the proprietor. Contractual disputes and family feuding threatened imminent closure. The agreed actions were:

Appoint new management team under interim CRO
Obtained interim bank support for restructuring plan
Expanded new business beyond existing regional footprint
Discounted sale of underperforming leaseholds to major competitor
Exited high street sites for full commercial rents & leveraged all other property assets
Initiated proper management disciplines and financial controls
Dividends reinstated following asset disposals – placating family stakeholders

Outcome of the assignment:

New CEO appointed with strong property background

Remaining sites are very profitable generating strong cash flows for the reduced group

Major legacy assets are now traded to grow longer term returns

Third stage development plan supported by bank funding in place