DODO S.r.l.
Pordenone via G. B. Bertossi, 6 - 33170 - Italy
tel. +39 0434 1852041 | fax +39 0434 1691252
info@dodosrl.it
2021 | Dodo srl | All rights reserved| Reg. Imp. PN- REA PN-81410 Tax Code and VAT No. 01497330934 | Share Capital 90,000.00 Euros paid in full
Newco, Temporary management, general management and corporate reorganization
Context: Italian company located in Lombardy, manufacturer of water purification machines > €3 Mln, number of employees > 10.
Problem
- Presence of industry experts with ten years of experience who decide to start their own business together with a parent company with a contact portfolio, without a reference manager with the function of General Management.
- Need to identify an Asian partner to relocate part of the production.
- Need to follow all phases of company formation, from the search for the production site to its equipment according to company needs.
- Activation of banking relationships.
- Activation of relationships with suppliers.
- Coordination and management of department heads.
- Lack of management control.
- Need to introduce a new line with recovery of financial resources of over €2 Mln.
Proposed solution
- Presence in the company of a Temporary Manager with general management functions for a period of 18/24 months.
- Study and drafting of the company budget, broken down into sales budget, raw material purchase budget, personnel cost budget, investment budget.
- Assistance to the Client in defining, developing, and managing typical activities during the start-up phase of a company.
- For the production area:
- For the IT Information Technology area:
- For the GM General Management:
Timing
2 years.
Results achieved
- Started production activity.
- Defined budget and three-year plan.
- Defined organization and coordination of budget review meetings, in the budget revision process and preparation of the related revised budgets with related brief comments.
- Implemented management control.
- Defined reporting activity with the parent company.
- Identified and defined the most suitable objectives to link the performance bonuses of managers and production staff.
- Achieved €3 Mln turnover in two years.
- Achieved positive EBITDA in 18 months, allowing the second fiscal year to close at break-even.
- Activated banking relationships with a credit line of €800,000.00.
- Obtained a non-repayable grant of €0.3 Mln.
- Search for the production site.
- Equipping the site according to company needs.
- Training activities for all staff.
- Training activities for staff.
- First contact with suppliers.
- Negotiation of the best purchase conditions both in terms of cost and payment.
- Computerization of procedures and minimization of paper support and archiving.
- Implementation of management software and implementation of Supply Chain integration procedures.
- Creation of the website.
- Implementation of CRM for customer management.
- Support to the sales management.
- Verification of achievement of target results.
- Constant verification of sales initiatives.
- Implementation of procedures for customer margin control.
- Reporting with the parent company.
- Organization and coordination of external and internal collaborators.
- Definition of the most suitable objectives to link the performance bonuses of managers and production staff.
DODO S.r.l.
Pordenone via G. B. Bertossi, 6 - 33170 - Italy
tel. +39 0434 1852041 | fax +39 0434 1691252
info@dodosrl.it
2021 | Dodo srl | All rights reserved| Reg. Imp. PN- REA PN-81410 Tax Code and VAT No. 01497330934 | Share Capital 90,000.00 Euros paid in