CORPORATE TURNAROUND AND INTERIM MANAGEMENT

Stakeholders of companies experiencing business underperformance, difficult trading conditions, problems with the lending institutions, ineffective management or lack of financial controls may engage our services in order to develop and implement a complex set of actions meant to restore business performance, including turnover enhancement and effective cost management, in order to ease cash-flow pressure.

This complex set of actions involves, quite often, business process reengineering strategies and tactics for most business processes, a comprehensive business transformation executed under the pressing schedule of immediate corporate recovery. We may provide assistance throughout the process, under a four phased approach comprising: assessment of the turnaround challenge and timeline; turnaround planning; communication to stakeholders and execution.

Special emphasis is applied to the assessment of all turnaround options; developing a business plan and an action plan in partnership with management, creditors and other stakeholders; and mobilization of the resources required for effective implementation.

The complex undertaking that is corporate turnaround requires talent and skills that might not be readily available on company’s payroll. This is where securing the services of a turnaround consultant proves to be a beneficial idea, for many reasons: knowledge and expertise in the challenging field of business restructuring, unbiased view of the organization’s strengths and weaknesses, experience in driving change in environments geared towards operational excellence.