Project Tea
- The Company operated as a sales and marketing company within the retail leisure marine sector.
- The Company was placed into administration following the loss of a major distribution agreement.
- However a junior management team was committed to creating a new business to take advantage of specific gaps they saw in the market following the Company’s failure.
- We provided the initial guidance and support for management's MBO, took a substantial equity stake in the business and provided a £1 million working capital facility.
- Hilco continues to work closely with management to support and develop the new business.