The Commercial Banking and Asset Finance Advisory Boutique
Turnaround & Restructure
Turnaround
Turnaround in its purest sense is when stressed or distressed organisations have critical issues and there is a possibility of becoming insolvent. Time is usually against them with one or more creditors approaching a stage where their continued support is under review.
For most businesses this is a situation they have not faced before and therefore immediate help from a turnaround specialist is needed. Turnaround roles tend to fall into one of 4 categories:
- Interim CEO (either replacement or shadow).
- CRO (Chief Restructuring Officer).
- Turnaround CFO.
- Special Advisor to the Board.
There are some key attributes needed from any turnaround specialist which IAA understands:
- Act quickly and be bold.
- Ensure you have the right management team.
- Focus on cash.
- Cut costs.
- Communicate internally and externally frequently.
- Use professional expertise but use it wisely.
Restructure
Organisations constantly change and adapt; however there are times when a more radical solution is needed. There are many reasons why a business needs to restructure itself, examples of which are:
- Market forces.
- New shareholder / management.
- Regulatory changes or financial requirements.
- Diversification.
- Consolidation.
- Cost constraints.
Restructuring can also include other IAA competencies such as Strategy Planning, Corporate Development, Systems & Technology and Funding.
Our team approach, combined with our wide ranging experience and wealth of Directors/contacts can bring real value to these situations. We combine the high level, senior executive view with real hands on experience of having done this before and the ability to do it again.