Corporate Turnaround / Restructuring

No matter what the state of the economy, no company is immune from internal hard times—stagnation or declining performance. Increasing competition, overseas production, technological change and global economic change can all contribute to a crisis situation with serious operational and financial challenges. How can management pinpoint the right turnaround strategy when it is needed—and make it work? The overall goal of turnaround strategy is to return an underperforming or distressed company to normal in terms of acceptable levels of profitability, solvency, liquidity and cash flow. To achieve its objectives, turnaround strategy must reverse causes of distress, resolve the financial crisis, achieve a rapid improvement in financial performance, regain stakeholder support, and overcome internal constraints and unfavorable industry characteristics.

Turnaround management is a process dedicated to corporate renewal. It uses analysis and planning to save troubled companies and returns them to solvency. The discipline entails management review, activity-based costing, root failure causes analysis, and SWOT analysis to determine why the company is failing. Once analysis is completed, long term strategic plan and restructuring plan can be created and turnaround professionals can begin to implement the plan, continually review its progress and make changes to the plan as needed to ensure the company returns to solvency and profitability. A successful turnaround could be as simple as surviving a downturn with financial performance only just acceptable to the company’s various stakeholders. In other cases, the recovery could lead to the firm achieving sustainable, superior performance, which in turn could enhance its competitive position in the marketplace. No matter what type of obstacle a company is faced with, our corporate turnaround and restructuring services are tailored to address the particular needs of each situation. We are committed to finding strategic alternatives to complex business problems, enhancing performance and maximizing value for our clients. Thanks to our extensive experience, unbiased perspective and time-tested strategies and execution plans, we are capable of helping companies restore viability, create significant enterprise value and optimize their competitive edge.