In the UK, the venture capital investors in an insolvent technology startup requested a 24 hour emergency assessment from Gilkes Management and the retired financial director of a major public company. While the financial report recommended closure, our marketing assessment recommended further limited investment focusing on an established but ignored market opportunity. The investors accepted this proposal with the proviso that Gilkes Management should run the company for six months. Within three months we had returned the company to profitability and within a further three we had negotiated its sale to a publicly-quoted computer manufacturer.
In the USA, the outgoing CEO of an insolvent venture investment in its fifth year, had acquired the loss-making division of a software developer. Gilkes Management created and executed a strategy to merge the two companies, relocated both onto a single site. We generated significant profitability and industry excitement to be able to launch the new company on a successful NASDAQ IPO. The total elapsed time from insolvency to public offering was eighteen months.