WTG/Cable & Wireless


Post MBO management and turnaround. Following the MBO of WTG Technologies Ltd from Cable & Wireless Moregate was retained to manage the setup of the business independent from its parent and to effect the turnaround to ensure long term viability.

WTG/Cable & Wireless

WTG Technologies Ltd is a medium sized specialist systems integrator delivering secure information solutions (secure collaboration, intelligence management and other complex web-based applications) for secure government organisations in the Public Sector, specifically Justice and Security.

WTG was sold off by Cable & Wireless in a drive to focus on its core telecoms heritage.

After managing and leading the original MBO and separation from Cable & Wireless, Moregate was retained to ensure the new company was turned around and capable of becoming a going concern.

Key achievements include:

  • Transitioned 100 people via TUPE
  • Transitioned all fixed and current assets
  • Turnaround and rebuilding the loss making entity (-£1.5m) to become a £0.5m EBITDA company at its first audit
  • Implementation of corporate controls
  • Restructured the P&L through improving key drivers such as revenue, gross margins and overheads
  • Secured current sales and established new revenue channels through a strategic alliance
  • Hired senior management

Equally important was the appointment of a more than credible Chairman in Chris Conway, former Chairman of Detica.

The business is completely independent of Cable & Wireless and has demonstrated a very positive trading history to the satisfaction its customers, channel partners and investors.

Recently, we have finalised a funding process to equip the company for a second stage funding and growth initiative. New senior management was hired with specific experience in managing growth.

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