Challenge
To develop and implement a strategy to substantially
increase the turnover and profitability of an early-stage
business
in the pharmaceuticals contract research sector.
Approach
-
Utilised Orion Innovations’ ‘business health check’ tool in order to identify the primary reasons for the company’s poor performance
-
Developed a strategy and hierarchy of actions needed for business turnaround and growth
-
Subsequently assumed the role of interim CEO on a part-time basis (one day a week) in order to turn the business around and prepare it for merger or sale
-
Secured first-round funding from Angel and Institutional investors
- Recruited credible and reputable permanent senior management team
Outcome
The company was transformed into a viable ongoing concern. Two options for sale were identified, and the company prepared for sale.
|
