Turnaround and Restructuring
As is evidenced by the ongoing uncertainty during these ever-changing economic times that are affecting the viability of businesses, financially troubled and even healthy companies need a guiding and helping hand.
Whether a business is feeling the impact of market conditions, liquidity issues, or operational problems, our skilled professionals have the knowledge, training and experience to provide financial and operational guidance. Drawing from a dedicated, well regarded and credentialed multi-disciplinary team of professionals, including CTPs, we, at M.J. Renick & Associates, have the knowledge, resources and experience to assess the situation and recommend a course of action to effectuate a successful turnaround.
We have all heard the expression, “cash is KING!” Although true in almost all business situations, it is so much more so with a financially troubled business. We therefore start our work by assessing an entity’s cash flows and how we can help to stop the bleeding. We work directly with management to quickly stabilize the business and develop a strategic plan to address the immediate challenges facing it. We then determine the entity’s strengths and weaknesses in order to develop a comprehensive long-term plan which we assist management in its implementation.
Our corporate restructuring and turnaround services include the following:
- Assessment of turnaround capabilities
- Financial performance modeling and forecasting
- Comprehensive financial forecasting and cash flow analysis
- Cost reduction initiatives
- Liquidity management and improvement
- Profitability analysis
- Viability assesment
- Debt restructuring and negotiation
- Exit strategy formulation
- Pre-bankruptcy planning