Management sponsored turnaround plans always boil down to: i) tweaking the existing business plan; and, ii) getting more money. But, every troubled business is troubled because existing management was ineffective.
Those who know us best will tell you Range Advisors excels at providing going concern solutions to troubled companies. Over the coming weeks and months, we will explore tips and guidance from the turnaround trenches. Inside are 10 turnaround tips to get you started.
Interim Finance Corporation (IFC) has provided a credit facility to an Ottawa based manufacturer and distributor of products for the construction industry. IFC financed current assets with an asset based facility and assisted the borrower by replacing its previous lender.