Pioneering engineering transformation

Pioneering engineering transformation

CSignum


"Modini provided the essential insight, transparency and leadership throughout their tenure, and are one of the best companies we have worked with."

 

Board member

C-suite leadership
to transform
the business

18-month
specialist
engineering support

£2.3m
business case
delivery

The challenge for CSignum

CSignum is a communications company who own unique subsea wireless communications technology. They provide solutions for a variety of complex problems, such as corrosion monitoring on offshore wind turbines or deep-sea seismic monitoring.

 

CSignum was struggling after a long period of poor financial and technical performance. The board needed full spectrum C-suite support to help them understand the state of the business and its viability while simultaneously leading a demotivated workforce through a transformation programme.

Key benefits

  • Rapid mobilisation
  • Multi-discipline support
  • Leadership in adversity
  • Successful transition to a new operating model

The Modini solution

After an initial review of the company, Modini provided an interim CEO and COO to complete a thorough analysis of the company finances, IP position, prospective markets and technical capability. In addition, Modini provided deep expertise across all business functions (finances, HR, project management, strategy development, commercial and marketing) through its reach-back capability, offering a breadth of support far greater than the on-site delivery team alone.

 

At the point of handover, the company held state-of-the art HR systems, policies and procedures, an engaged workforce, robust board-approved budget and forecasts, a clear strategy to lead them to profitability and a company vision with buy-in from the staff. 

Fully integrated delivery

Modini provided the leadership needed to motivate the workforce and reduce staff turnover, whilst designing and transforming the company’s policies and procedures. Modini deployed project managers, and mechanical, electrical and lead software engineers to address the urgent needs of the specialist engineering teams.

Delivery phases


Initially Modini was asked to act in a board advisory capacity, supporting the investment team to rationalise the business. However, following a radical transformation programme, Modini was asked to step into the C-suite roles where we provided the CEO, COO and CTO functions. We then proceeded in transforming the company in four distinct phases:

 

  1. Holistic business analysis

Modini completed early analysis on the company as a whole. We reviewed staff (recruitment, retention and competency), product maturity, sales activities, financial positioning, commercial obligations and ongoing projects.

  1. Strategic review and change management plan

Modini put plans in place to improve the organisation through a change management programme, which saw a significant business transformation. During this phase, Modini supported KPMG through a pre-pack administration action.

  1. Delivering the change management plan

Modini optimised the engineering programme and focused on delivery of a common architecture system with their software and mechanical engineers providing technical expertise.

  1. Transition to core staff

Modini executed a transition programme from them to core staff.

Meet the team who delivered it


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