GlassRatner Services | Turnaround Management
Our team provides strategic advisory and interim management services to companies experiencing financial difficulty. The components of these assignments include reducing losses, controlling expenses, increasing liquidity, improving business processes, divesting non-core businesses or aligning corporate structures with the financial reality of the company - all with the goal of stabilizing the business and ultimately restoring the confidence of lenders, shareholders and other stakeholders of the company.
Often the most important aspect that an advisor can bring to the table in these assignments is acting as a catalyst for change and focusing management on hard business decisions, which have previously been deferred or ignored.
The specific procedures that might be put in place during a Turnaround Management assignment include short term cash flow analysis, steps to improve liquidity such as cost cutting measures, the sale of non-core or redundant business assets, operational and historical financial analysis, developing credible medium and long term cash flow forecasts, building consensus with regard to the roll-forward business plan, restructuring the capital mix of the company, and evaluating and implementing capital raising initiatives.
GlassRatner has successfully managed and completed Turnaround Management assignments lasting from several months to over a year.
