For troubled and distressed companies,
our consultants offer on-site crisis management
to restore order, confidence and credibility
in an effort to sustain corporate survival.
We provide the two most important things
required for a company in a short-term
survival mode: control and prioritization
of the company’s cash flow, and credibility
to outside parties and corporate employees.
When we work with management who may not
possess the immediate, specific skills nor
the necessary internal fortitude for crisis
situations, we apply our survival skills
to steer a course for a company experiencing
financial free-fall. While we are primarily
consultants, we will, where necessary, provide
interim senior management services until
conditions are stabilized.
We develop short-term relief with
creditors by negotiating either standstill
agreements or restructured terms on back
debt in order to provide the client company
the time to put a realistic long-term turnaround
plan into effect.
With a strong executive and entrepreneurial
background, as well as literally hundreds
of challenging assignments, our consultants
have strong experience in counseling and
assisting business owners through the paths
of emergency crisis management, stabilization
and ultimately return to growth.
Deliverables:
-
Placement of company’s
back debt on hold
-
Negotiation of standstill
agreements with secured and unsecured
creditors
-
Negotiation of new
terms with suppliers and company unions
-
Coordination of resourcing
efforts
-
Working agreements
with company unions
-
Preparation and monitoring
of a Turnaround Plan and detailed cash
flows and financials
-
Communication with
all outside parties and priority stakeholders
-
Assurance of continued
source of supply from vendors
-
Negotiation of workable
plans with tax agencies
-
Reduce corporate overhead
expenses and management of available
cash to ongoing operating expenses
-
Tight control of cash
disbursements
-
Implementation of cost
controls on all cost centers
-
Interim senior management
services
