Selected Case Studies - Exchange Group
Exchange Group is a UK training and services company founded in October 2003. In 2005, Exchange Group reported revenues of £3.1m and profits of £0.3m, a figure which is set to more than double in 2006.
Smedvig has used its skills in strategy, finance and HR to compliment the efforts of the management team at key moments in the growth of the business:
- Smedvig moved swiftly to provide funding for the co-founders to purchase the firm's initial assets out of the administration of a larger group.
- Since start up, Smedvig has worked closely with the management team to help them identify profitable routes to growth.
- When a new Finance Director had to be found in a hurry, Smedvig used their network to source a top quality candidate within a few weeks.
- When the opportunity arose to enter a new market sector, Smedvig helped to research the market, develop a business plan, and structure the investment to ensure the initiative would be value creating for the existing business.
- Smedvig has sourced several acquisition candidates for Exchange Group, and is able to 'parachute in' resources to evaluate and execute such opportunities.