Reversal of Fortune

A specialist publishing house ran into financial difficulties due to pressure on margins from overseas competition. The company should have been able to adapt with the changing market conditions, but faced opposition from a large institutional shareholder, who resisted all attempts to modernise.

The other shareholders were keen to remove this impediment and approached Jeffreys Henry to create a solution before the business failed.

The result was a management buy-out. The existing business was hived off and restructured into the new company, which benefited from a considerably more effective tax planning regime. Jeffreys Henry prepared a detailed business plan that identified substantial cost savings. This enabled the management and shareholders to invest in modernisation, essential if the company was to flourish in their competitive market place. As a direct result of innovative thinking, the company has regained its position as the European market leader and continues to grow from strength to strength.