The most important factor for a successful turnaround is time of initiation. When a business's decline reaches the point at which investors find the business no longer worth saving, bankruptcy and liquidation may be the only options. Therefore, it is important to be aware of any signs of distress within your company and to act upon them. A successful turnaround will likely bring a business back to functionality and profitability.
At BPM, our turnaround management consultants work proactively alongside companies to create and execute feasible turnaround plans with well-defined objectives. Our Turnaround and Corporate Renewal experts provide full restructuring services that may include cost analysis and realignment, working capital improvements, financial modeling, analyzing cash flow projections, stabilizing core operations, and implementing cash conversion management and controls. In addition, members of our group can also step in and provide interim support in key managerial positions, such as CFO, CRO, and CEO.