Stemming cash losses and stabilising the business are often vital parts of what we do, giving valuable time to assess the prospects for a longer term turnaround and preparing a robust turnaround plan.
We act quickly and decisively to create headroom, introducing measures which both restore stability and build confidence amongst lenders, suppliers, trade credit insurers and customers. A formal or informal standstill is often negotiated and in certain cases, additional working capital finance may need to be secured to finance the period of stabilisation. At the same time, we will often add value by implementing improvements in cash management, management reporting and systems.
Recent crisis stabilisation projects include:
- cash management, strategic planning and budgeting for the US and Spanish subsidiaries of a global manufacturing group
- stabilisation, strategic direction and additional financing for a building and construction business
- cash management advice for a manufacturing business that banked with an Icelandic bank, leading to advising on a successful refinancing
- short term cash management and renegotiation of asset financing agreements for a plant hire business.
For further details, please contact Andrew Cranmer on + 44 (0)207 467 4014.