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Turnaround and Crisis Management
Expert strategies to calm troubled waters.
There are many reasons a company may find itself in crisis: a bad economy, ineffective management, poor lender relationships, market lag, and even family issues in a privately-held business.
Whatever the reason, ESBA’s highly qualified turnaround professionals operate calmly in the eye of the storm, dealing with upset and impatient creditors, scared employees, wary customers and a concerned board of directors. Our independent perspective enables us to manage multiple demands and information inquiries directly and without the charged atmosphere that can accompany a crisis.
Our expert strategies will generate cash, improve operating performance and satisfy your stakeholder’s requirements. We’ll guide you step by step, negotiate with all stakeholders, build consensus, manage expectations, support your management team and vision, and fill interim positions if needed.
As an extension of your management team, our turnaround and restructuring advisory consulting services include:
- Crisis assessment and consulting to identify the issues
- Business viability assessment and solvency analysis to inform a plan of action
- Turnaround strategy development and execution to stabilize the company
- Restructure key functions as needed to prepare for the future
- Liquidity management that identifies opportunities to generate cash and buy time
- Cash forecasting to better communicate with creditors and constituencies
- Balance sheet restructuring for future viability
- Lender and inter-creditor relationship management to ease credit crunches and negotiate restructuring
- Trade vendor management to stabilize and maintain valuable relationships
Through it all, we focus on supporting management, not pointing fingers. Over 35 years we’ve honed our expertise and gathered the leadership needed to accomplish a successful turnaround and deliver results.