Business Turnaround – Company Disposal
Systech was appointed by a major UK contractor to improve project performance on its portfolio of PFI schemes as a consequence of which we were able to recover additional monies through variations and claims.
Systech was subsequently retained by a turnaround specialist to assess the contractors financial position and assess costs to complete for live projects. Following our analysis the banks gave loans, which we monitored, and we then provided contract management to close out the projects.
We improved the business trading position of the company and closed out liabilities to allow its sale.
Region UK, Europe
Service Contract Management
Contract NEC Option C