Lenders force SGH to restructure, page-205

In view of past uk acquisitions and then making the very large psd acquisition the company needed to restructure its U.K. Operations to improve efficiencies particularly given concerns that quindell was far from running an optimised business.

Problem as not acted early enough now left to bankers running the show. The restructure driven by bankers advisors will still be positive in my view but difference will be decisions will be made with a view to maximising short term cash flows to repay debt and not necessarily always with long term view.

But given where share price is / current valuation any restructure going to be positive as always needed to happen but events made sure happening at faster pace than company planned.