The Credential
Tunneys worked alongside a leading global investment bank and a top-tier advisory team on a high-profile turnaround for a c.£200M listed UK construction group. Under severe time pressure, Tunneys audited and completely rebuilt a flawed Big-4 financial model that was not fit for purpose, delivering the clarity, speed, and analytical rigor required by lenders to execute a critical debt re-financing and prevent formal insolvency.
The Challenge
Prior to engaging Tunneys, Construction-Co* had engaged a Big-4 firm to build a financial model. However, the existing model lacked the bottom-up granularity required by lenders and investment bankers to evaluate viable turnaround options. With a liquidity wall looming, the business needed a fit-for-purpose financial model built under extreme time pressure to provide confidence and clarity
How We Helped
Tunneys deployed immediately alongside the business, its advisors, and investment bankers to execute a rapid model re-build:
Bottom-Up Operational: Replaced flawed high level legacy mechanics and rebuilt a multi-year monthly financial historic to forecasting model tailored to complex multi-year construction contracts and group structure.
Re-established a single, authoritative "source of truth": bridging internal high level and granular sub-company FP&A data with a lender & M&A grade set of integrated financial statements by company.
Robust Scenario & Q&A Support: Provided real-time financial sensitivity modeling for transactions, enabling parties to evaluate the options.
Value Delivered
Rapid Model Re-Build: Replaced a defective Big-4 model, restoring immediate credibility and viability to lenders.
Secured Debt Re-Financing: Provided the core financial information and cash visibility used directly by the advisors and investment banking team to take to market and structure debt refinancing for runway and to explore mid-long term options.
* all client names have been kept confidential.
