Sponsor Profile

Company Profile

Systech International was established in 1991 and is a leading international construction consultant with offices in Europe, Middle East, Asia Pacific and the Americas. With 500 staff across 22 offices we are able to react quickly to client demands with solutions which respond to the challenges they face.
We provide our clients with full project lifecycle support offering contractual, commercial management, planning and scheduling, claims, expert witness and dispute resolution services and we have an excellent track record on major projects around the globe.
Our contractor and project expertise places us in a strong position to advise clients, funders, business recovery professionals, or other stakeholders, in turnaround situations, particularly where mitigating risk and maximizing realizations are paramount.
One of our key strengths in the turnaround arena is the ability to react quickly. We are very well placed to leverage our global presence and utilise our resources to deliver a rapid response, wherever in the world.
Above all we provide a fresh eye to find solutions that may not be visible to the current management, because they are too close to the subject, and make critical decisions in order for the business to have the best chance of recovery - evaluate the extent of debt and work in progress, liabilities and opportunities arising from claim assessments, exit strategies for the recovery of outstanding debt and retentions and resolution of final accounts, claims and disputes.
Our services include:
- Strategic business reviews
- Recovery plans
- Interim management
- Governance procedures and processes
- Project audits
- Valuation of work in progress, final account and claims/disputes
- Debt recovery
- Statutory demands and other legal actions
- Sub-contractor and supplier management and negotiations
- Due diligence
- Expert reports
- Loan monitoring and project oversight
- Support to business recovery professionals
- Sales pack information on 'live' contracts
- Novation agreements for sale of contracts

Successful Business Recovery - Case Study
Our client is a supplier of long term maintenance contracts principally to the utility companies. Their business had grown rapidly but they had taken on a major long term contract that was loss making and putting a significant strain on the resources of the company. This resulted in cash flow pressures developing as the risk profile had shifted significantly against them.
The management recognised the need to re-structure the business and deal with the immediate threats to the future of the company. They engaged our services to provide a rapid response to the challenges that they were facing. This resulted in the delivery of the following:
- Working alongside senior management to develop a Strategic Business Plan.
- Instigation of a specific recovery plan for the loss making contract to achieve an acceptable financial position - bankers and auditors fully involved.
- Introduction of commercial disciplines and more appropriate financial information systems.
- Key Performance Indicators developed with targeted approach to reduction in work in progress, and debtor collection days.

This business is now operating profitability from a much more stable financial and commercial platform.