Project Description

Founded in 1978, Templar has become one of the world’s most respected publishers and packagers of illustrated children’s fiction, novelty and picture books. In 2008 Templar was recognised by the Independent Publisher’s Guild as UK Children’s Publisher of the Year and Independent Publisher of the Year.

The directors wished to investigate a strategic opportunity to attract major additional investment into the business, subject to the achievement of specific financial objectives.

The Solution

  • Position the business to a nil debt / nil cash position within a three month period.
  • Implement a strict control of working capital via the acceleration in the timing of invoicing, improved debtor collection and extension of payables.
  • Targeted delivery of net cash improvement of £0.7m however actually delivered above target net cash improvement of £0.9m.
  • Review alternative investment opportunities and work with new investor on due diligence activities.

The Results

Following involvement in  successful due diligence exercise the investor effected a change of ownership, with the business being acquired by a larger publishing group, a key move that satisfied the Templar shareholders development strategy.

complimented Ascent FD on the speed with which they had integrated into the Company and the quiet efficiency with which the strategy was implemented…”
Michael Freedman, Non-Executive Chairman, Templar