Corporate Turnaround & Restructuring
It’s a staggering thought that so many American companies either are, or are likely to become insolvent in the midst of the global financial crisis. What makes it worse is when you consider that a significant number could have been saved if they had sought the right help early enough. In many cases, the businesses that end up in foreclosure, receivership or bankruptcy have not heeded early warning signs and sought the right assistance at the appropriate time.
Companies must be willing to admit they need help. The earlier a turnaround firm is engaged, the more options that are available to restructure the business. At MainStream our Turnaround experts do not just work with businesses in trouble. Many of our clients sought our advice for general profit improvement prior to becoming a distressed or troubled company.
Is it too late to turn things around? The good news is that if you put your hand up for the right sort of help it is possible to turn around many of the danger situations companies can find themselves in.
The three key elements of any turnaround are:
and stakeholder management