FINANCIAL TURNAROUND & RESTRUCTURING
We take a thoughtful and constructive approach to financial turnarounds.
Our specialized team of financial turnaround and restructuring consultants can help you chart a path to success before it’s too late to make meaningful changes.
Planning ahead is paramount to a successful turnaround.
Even well-run companies can hit rough patches and find themselves in situations which require operational restructuring or renegotiation of agreements with financial institutions and other creditors. Executives often wait too long to implement change, and by then, lack the financial resources required to support an in-court or out-of-court restructuring. Our firm provides support which may range from implementing strategies to improve cash flow to adjusting pricing strategies and providing analytical rigor to support creditor negotiations.
Some of the things we do:
- Crisis Management
- Contingency Planning
- Liquidity Management
- 13-Week Cash Forecasting
- Daily Cash Monitoring
- Budget-to-Actual Analysis
- Key Performance Indicators
- Working Capital Management
- Debt Restructuring
- Creditor Negotiation
- Bankruptcy Reorganization
- Initial Bankruptcy Reporting
- Preparation of Motions
- Monthly Operating Reports
- Declaration Statements
- Creditors Matrix
- Claims Management
- Plan of Reorganization
- Unsecured Creditor Committee Advisory
- Assignment for the Benefit of Creditors
Financial Turnaround and Restructuring Project Examples
Bankruptcy Management and Sale Process
Managed the bankruptcy and eventual sale process of a leading technology manufacturer, including eliminating all debt while maintaining existing management and customer relationships.
13-Week Cash Flow Forecast
Designed, created and implemented a company’s weekly 13-week cash flow projection.
Interim Controllership Bankruptcy Consulting
Served as Interim Controller throughout bankruptcy process of an IT service firm, including the preparation of monthly operating reports for the bankruptcy court as well as weekly cash management.
Scenario Analysis for Recapitalization
Prepared projections under multiple scenarios in support of a recapitalization effort for international retailer. Created a proposal model to assist management in identifying strong opportunities and provided interim support to ‘clean up’ the accounting and reporting functions of the business.
Detailed Financial Modeling for Turnaround
Developed a detailed financial model to identify growth opportunities and assist in operational decision making. Built a comprehensive daily and weekly cash forecast to help management with cost reduction initiatives and working capital management for a medical management company in turnaround.
Financial Health Assessment
Assessed property management company’s financial health and identified real estate properties that could be liquidated to cash out and reduce negative cash flow during turnaround efforts.
Debtor in Possession Reporting
Created DIP (debtor in possession) reporting and fulfilled borrowing base certificate requirements for $1B+ apparel company.
Debtor Administration Support
Provided Debtor Administration Services to $1B real estate investment company, including preparation of the Schedules of Assets and Liabilities and Statement of Financial Affairs, reconciliation of intercompany account settlement and preparation of financial statements for 250+ debtor entities.
Financial Turnaround & Restructuring Insights
Get unique perspective from our Turnaround and Restructuring Consulting team.
I believe there are a few important strategic ingredients for success to get right before you ever get to the tactical project side of the equation. This article will walk you through them and then give an example of a significant project at a company where I worked.
It is important for business leaders to look at the following on a regular basis in order to create an early warning detection system.
Without proper cash flow management and sound liquidity risk management, a business will face a liquidity crisis and ultimately become insolvent.
To structure and implement a successful transformation initiative, management must make timely and efficient decisions no matter what crisis phase their business is in.