The PB Interview: Riding out the storm
Andy Homer, chief executive of Towergate, tells Andrew Tjaardstra how the company adapted to the tough economic climate by learning more about corporate finance and taking some hard decisions.
Although few have been immune, the last few years have been particularly difficult for expanding companies who took the acquisition and debt model further than most, clearly encouraged and supported by our bankers. Towergate is one such company that has needed to readjust and redefine its banking arrangements as economic growth reversed following the collapse of Lehman Brothers on 15 September 2008.
The office where I meet Andy Homer, is part of the grand vision of chairman and majority owner
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