Action. Change. Advisory and Turnaround Management |
Chris Williams Consulting |
Turnaround management requires a rapid analysis of the current situation coupled with a decisive action plan to move toward financial stability while satisfying numerous constituencies. Key company executives in such a situation are usually facing it for the first time and benefit from the assistance of one who has been through the process with numerous companies and stakeholders. Over thirteen years of experience in “turnarounds”. We have extensive personal contacts in the local and national lending, legal, accounting and turnaround professions |
Turnaround Management |
Business Model Review Internal and External Issues affecting performance and liquidity Liquidation Analysis |
Business Viability Assessment |
CRA (Chief Restructuring Advisor) CEO (Chief Executive Officer)
|
Interim Management |
Recapitalization Sale or Merger Bankruptcy Filing
|
Continuity Options |
Declining profit, gross margin Losing Market Share “Stretching” vendors; frequent vendor calls Increasing inventory, especially slow turn items Delaying payables Lender “issues” are a distraction Losing people, the better ones first Deferring plant and equipment maintenance Limiting communication Hoping for a “home run” Revering the past; fearing the future |
Early Warning Signs of Possible Trouble |