Commercial Imperative:
A review of Group operations led to the closure of the loss making UK laundry business. Expectations were for property proceeds to cover the cost
of closure. CPA Role:
In a “virtual client” role, CPA acted as Project Director to orchestrate the disposal of 19 contaminated freehold sites, managing a team of specialists including property agents, environmental experts, lawyers, tax and plant disposal experts. The Result:
Tight project management and thorough preparation of the sites for sale, led to a rapid, incident free sales process to beat expectations in terms of speed and price. £16.8m net profit on sale was achieved, substantially above expectations.