Delivering lasting value to Slingco globally

The challenge.

The UK Parent company faced diverse challenges for not able to receive expert finance advisory, leading to Inconsistent cash flow and delayed vendor payments leading to filing delays and incomplete disclosures creating regulatory risks.

There was also difficulty in aligning financial strategy with a need to unify entities under the global brand “Slingco” including entities in India.

Legacy Entity Winding-Up:
In addition to the transformation of Temere LLP, the team also undertook the winding up of another group company—Slingco India Pvt Ltd, a legacy entity with a complex compliance history.

The approach.

FD Centre India conducted a strategic review and executed a transformation plan:

Entity Conversion: Transitioned Temere LLP into Slingco Asia Pvt. Ltd.

Compliance Resolution: Initiated closure of the defunct Slingco India Pvt Ltd, resolving GST and RBI issues. Over the years, the company had accumulated multiple regulatory challenges, including notices from the GST Department and unresolved matters under RBI regulations.

With the expert intervention of our CFO team, these issues are now being systematically addressed. The resolution process is well underway, and we anticipate a formal closure within the next couple of months, ensuring a clean exit and full statutory compliance.

Operational Setup: Established new statutory registrations (GST, PAN, PF, ESI, bank accounts)

Financial Strengthening: Implemented budgeting, SOPs, and transfer pricing frameworks.

Audit & Reporting: Early completion of statutory and tax audits and make the company future ready.

The CFO Centre’s solutions.

Within 8 months, the transformation was completed:

• Temere LLP was dissolved and operations moved to Slingco Asia Pvt Ltd.
• Compliance issues with the defunct entity are progressively being resolved.
• Financial systems were strengthened for future audits and scrutiny.
• Annual Operating Plan prepared for the first time for India and approved by UK HQ.

Led by CFOs Prantik Dam and Srinivas Subramanium, the team brought:

• Deep experience in manufacturing and entity conversions.
• Strategic clarity and operational rigor
• Confidence and structure to navigate complex regulatory landscapes
• Their leadership ensured timely execution and positioned Slingco Asia for scalable growth