WayPoint supports Electranet turnaround

Electranet Group Logo         This private equity backed business offers integrated systems to provide buildings with security and environmental controls.

After several years of serious losses, in March 2012 Palatine Private Equity invited Nick Winks of WayPoint Change to become Chairman to lead a fundamental review of the business and return it to profitability. Claire Burden, also of WayPoint Change, was appointed in March 2012 to help the business manage and forecast cash.

By May 2012 an operational and balance sheet restructure had been completed giving the business an opportunity to return to profitability in the financial year starting in September 2012.

 

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