Turnaround Services

Get Back on the Right Track

Distressed companies rely on experienced Chief Financial Officers to handle the difficult cleanup process associated with restructuring and turnaround. From managing bankruptcy to handling corporate dispositions, these professionals employ a unique combination of expertise, creativity and analysis to successfully guide their companies to the other side.

For those organizations that lack this critical resource, Lescault and Walderman offers specialized interim CFO services. Designed for turnaround challenges, these service involve deploying on-site assistance for hands-on crisis management, forensic operational analysis, due diligence, financial restructuring, lender negotiation, liquidation and detailed reporting. This expert guidance educates and empowers management and investors in the realization of a successful outcome.

LWI CFOs have the skills and expertise to help you develop and implement effective turnaround strategies

Vulnerable Companies

There are many shared characteristics of companies that will eventually need turnaround services, including:

Companies in cyclical industries: those particularly affected by outside factors such as weather or pricing
Companies in deregulated markets: without legal protections, the weakest companies in newly deregulated markets face significant challenges
Companies in commoditized markets: those lacking proprietary products are subject to serious pricing and capital challenges
Highly-leveraged companies: the greater the external factors to success, the higher the susceptibility to failure
Closely-held and family-owned businesses: leadership qualifications and challenges can change depending on circumstances and generational gaps

Is a Turnaround Specialist Needed?

Following are just a few of the questions that will help to determine whether your company could benefit from turnaround services:

Is management overextended? failure to delegate and empower middle management can significantly impact productivity
Are there communications issues? unnecessary and/or unproductive meetings can indicate a problem with communications
Are there human resources issues? low employee morale and productivity and high turnover rates can lead to long-term failure
Are there quality issues? falling business revenues from existing and new clients is generally evidence of quality issues
Is there a lack of timely and accurate financial information? without reliable data, management is forced to make decisions “in the dark”

What to Expect from LWI

Fact Assessment: a turnaround specialist always begins by uncovering the financial “facts” and assessing the true situation of the company they are assisting
Business Planning: using the financial facts, a turnaround specialist prepares a business plan that outlines specific tasks and actions that will have the greatest impact and desired outcome
Operational Vigilance: using the business plan, a turnaround specialist will continually analyze variances to measure the effectiveness of the plan and course correct as appropriate
Transition: once the desired results have been achieve, a turnaround specialist utilizes opportunities to transition the business back to key management personnel
Empowerment: as the power and responsibility are shifted back to management, key data points and tracking mechanisms are identified

Regardless of your current circumstances or challenges, Lescault and Walderman can provide the assessment, strategic planning and execution required for a successful turnaround. Contact us today for a free consultation at 866-496-2042.

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