Case Study; Taylor Woodrow
Del Canto advises Taylor Woodrow (later known as Taylor Wimpy) on the restructuring of their Spanish operations.
The Commercial Driver
With a global turnover of £2.5bn, Taylor Woodrow had a major housing, property and construction group in Spain. After a period of acquisition and expansion, it needed to restructure and refocus its operations in Spain.
How Del Canto Chambers delivered value
León Fernando Del Canto was part of the legal advisory team that assessed Taylor Woodrow’s operations in Spain and looked at how to consolidate numerous companies. He identified the best opportunities and advised on regulation, legal directives and standards to improve the groups structure.
Taylor Woodrow’s disposal and consolidations of non-core assets in Spain helped them save millions in asset expenditure through improved operational performance, capital efficiency and target-ed tax savings. Turnover for the group went up by 7% and profit by 20% shortly after (2002-3).