Trimingham Brothers Division: Phoenix Management Services, Phoenix Capital Resources Client Trimingham Brothers was a $40 million retail store chain specializing in general merchandise and jewelry with multiple locations in Bermuda. Problem Trimingham Brothers had difficulty integrating the acquisition of its largest competitor. Spiraling freight costs, inadequate inventory management, and unsuccessful general merchandising and pricing policies added to the eroding margins. The Company’s communication with its bank had deteriorated as a result of insufficient management reporting systems, its inability to close its books for 7 months and the departure of its previous CFO. Solution Phoenix was engaged to develop a business assessment of the Company’s existing operations and to assist the co

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