Mountfield Group is a £13m turnover AIM listed business comprising Mountfield, a building contractor and Connaught Access Flooring, a flooring fit-out business.
Listed on AIM in 2008, the two parts of the business have a strong reputation across London and the South East but due to the global financial crisis and subsequent UK recession struggled to achieve the anticipated growth post-listing.
Disputes on two legacy contracts had a significant impact on margins in the Mountfield side of the business.
These contracts coupled with a high cost base meant the Group was unable to achieve its desired profit levels and a restructuring of part of the business was needed.
Improving the accuracy of cash flow management and forecasting and working with the Directors on growth strategy.
Providing input to a Group strategic review and a cost-cutting plan in 2015 which helped return the Group to profitability.
Completion of the restructuring has allowed the business to grow and increase its profitability in 2016.