Turning Around Distressed Companies - Moving from Surviving to Sustainability
Pressure is building. Financial losses are mounting, credit lines are maxed out, vendors are pleading for payment and withholding supply and customers are screaming for shipments. All stakeholders are frantically knocking at the door looking for answers. It’s a vicious cycle with insolvency looming large. Such an outcome need not be the only recourse, but time is short.
Renewacorp leads clients, before the Receiver calls, to a rapid step change in performance and a path for recovery. A fresh, objective and unemotional approach is undertaken enabling clients to understand the root causes of their underperformance. A controlled and sustainable recovery is created and executed by focusing on the priority requirements for survival and turn around performance. During our mandate we take on an “interim” and “titled” position of authority within the client’s organization. This empowers us to take timely decisions and appropriate actions to ensure that the planned organizational changes deliver the expected outcomes, within requisite timelines.