KPMG - Court’s Plc (in administration)

As part of the Group function in the UK there was a requirement for continued financial control the operations of the Caribbean country operating units whilst maximising the asset value through the sale of the overall regional business.

MW Interim Finance was engaged to control and monitor performance of the operating units in eleven countries, produce consolidated management information, forecasts and cash flows and maintain the data room requirements through the divestment process. In addition there was responsibility for Group HQ costs, Group Procurement and interaction with Group Treasury to ensure all reporting and processes and controls continued to function effectively.

As the project progressed MW Interim Finance was seconded to the Eastern Caribbean to provide additional developmental support to the regional director and, on completion of the sale of the Caribbean division, returned to the UK to review and agree the completion accounts and provide detailed documentation to support the final balancing adjustment on the sale. Net asset value maximised securing a sale price of approximately US$200m.

Contact MW Interim Finance to discuss how we can assist your business.