With the benefit of expert analysis and strategic planning, a financially troubled company can become viable again. Turnaround management is a process that entails acknowledging problems, considering changes, and implementing a sound problem-solving strategy.
With one-on-one guidance from our experienced licensed insolvency trustees (LITs), your business can regain viability through expert analysis, strategic planning, and a clear, actionable turnaround strategy tailored to your unique challenges.
Our experts will perform an analysis of your financials, systems, and processes, before formulating a strategy that helps your business become financially viable.
Compared to a business bankruptcy or Division I Proposal, turnaround management services are a more discrete — but still very effective — path to resolve debt issues.
Turnaround management aims to improve working capital, liquidity performance, and performance issues using effective services and tools.
Our Licensed Insolvency Trustees (LIT) can provide information about Turnaround Management Services and help you determine if it is the right solution for your business.
Owners, executives, and Board members must be willing to make necessary and substantial changes.
Stabilize the situation so you can move to later steps. Although several issues might need attention, we will focus solely on issues that threaten the organization’s survival at the onset.
Chances are, there are several important processes that may be fundamentally flawed or broken if you need turnaround management. Acceptance to implement changes to these processes will be critical.
A turnaround process is highly likely to require financial restructuring. This could mean raising new funding, restructuring existing debt to allow more flexibility, or increasing capital, so that you can operate successfully.
We can help you weigh your debt-relief options so that you can make a confident and well-informed decision.
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