Adaxial Completes Project for RCapital

Adaxial were engaged by RCapital one of the UK’s most successful specialist turnaround venture capitalists to examine and report on one of its portfolio companies. The brief was to examine the company’s strategy, together with potential issues in the organisational and operational structure of the business. After the first report was presented to RCapital management a number of concerns were raised and the Adaxial Team were required to investigate a number of areas in more detail over 3 separate phases.

Whilst the actual findings are confidential areas that were identified by Adaxial included capital expenditure requirements, the cost base of the business and future potential sales levels. This exercise resulted in a full review and re evaluation of the investment in terms of cash requirements and returns.

Denzil Lee Managing Director of Adaxial said that “RCapital asked us to provide an objective outside view of the business and its potential. They then have dealt with the issues we raised in the very forthright and direct manner that one would expect of a venture capitalist company with the wealth of experience they have in turnaround situations.”