Outcome: Business achieved break-even within one year; returned to profitability in year two.
Debtors: fast rebuild of processes to ensure fast accurate invoicing; cross-company focus on resolution of issues holding-up payments; daily drum-beat of activity to call debtors and achieve payment; focus on accurate reporting of status of debts
Creditors: communication and negotiation of payment timing with whole supplier base; negotiation with HMRC and lenders on timing of payments
Banking: Daily communication with banks to ensure cohesion and partnering
Control: Cancellation of non-urgent projects, capex and discretionary spend; fast-paced cost reduction