Following a downturn in the market, the company’s revenue was reduced which affected Gross Profit resulting in a potential insolvency issue.
We were involved in the introducing of a partner company in a similar industry and position, following lengthy negotiations a merger was agreed to result in significant cost savings and a cross-selling ability. Merranti then assisted with the company left behind so that the Directors were able to concentrate on the merger and new business going forward. The moving of the clients was a smooth transition and resulted in an immediate increase in sales as it gave them further products and instilled further confidence in the company.
