Situation

• A start-up funded by venture capital with a high growth trajectory
• Multiple potential revenue streams
• Business severely affected by COVID
• Shareholder dispute
• Business in distress
   

Actions

• Stakeholder engagement to align interests
• Standstill and mediation commenced
• Proactive PR plan commenced
• Forensic analysis of cash movement and margins over last 12 months
• Business review, working capital analysis and options appraisal
• Cost reduction and management downsizing
• Managed mothballing and IP protection
   

Outcomes 

• Trading losses mitigated
• Sale of business achieved
• Company solvency assured