Anglo Overseas Limited
International freight forwarder and one of the world’s major wine shippers and wine logistics companies, Anglo Overseas Limited, was forced into insolvency in January 2009. This followed a prolonged period of exceptionally difficult trading conditions and cash flow restrictions.
Following their appointment immediate cost cutting measures were implemented which resulted in a more streamline business that was subsequently sold on protecting a significant amount of employees. A strategy was then was implemented to collect outstanding book debts which resulted in a 90% recovery of the outstanding ledger together with an orderly wind down of the non-profitable parts of the business.
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