Case study

Value Retailer – UK

A prominent value retailer with over 400 stores in the UK.

 

 

A city street featuring buildings alongside a bridge spanning over the roadway.

A prominent value retailer, who are going through a significant change of ownership and leadership. With over 400 stores in the UK, a broad range of goods, and a strong growth trajectory in recent years.

Fueled by the desire to exit the business, the private equity investors have taken a significant ownership share and are building to drive a full transformation.

The Challenge

The finance function lacked strong processes and technology. It required an injection of capacity and capability to drive forward the FP&A, financial control, commercial finance, and management accounting functions.

Spending time with the client to diagnose the key points of focus and prioritisation, was a critical approach to defining the solution.

Our Approach

We provided a team of resource, with the requisite skills, experience and capability to drive a significant amount of change and provide clear windows for the Board into the business, in particular within margin analysis.

Working hand-in-hand with the CFO, we were able to identify the correct personalities and capabilities, and source individuals with the right level of robustness to deliver in a fast paced and ambiguous environment.

Results

The resulting engagement provided the business with:

  • Accurate Financial Planning and Commercial Finance processes and tools
  • Robust model to recruit permanent hires into, with clear roles and responsibilities.
  • Improved controls environment to provide assurance as to the accuracy of information.
  • Clear ability for the ownership to manage and measure the business.

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