Turnaround Management

Distressed companies or healthy companies with divisions in crisis need to find a clear path to results and the leadership to ensure that those results are sustainable. In turnaround situation, four critical steps are needed to succeed

• Make/keep stable: secures adequate liquidities and supporting capabilities quickly to stabilize troubled companies.
• Investigate: conducts an intense scrutiny and a thorough review of the business and its industry to quickly understand the issues.
• Plan: works with the management to develop a solid plan that addresses the issues and emphasizes on the core strengths of the business.
• Execute: builds consensus among the stakeholders and helps the management execute the plan successfully

Turnaround services include addressing liquidity concerns, stabilizing core operations, implementing cash conservation guidelines and controls, developing adequate business plan, establishing financial projections review, identifying and disposing of non-core assets, developing and reviewing cost reduction initiatives, assisting management with the implementation an the operational restructuring plans.