Distressed Company Rescue: Identify Problems Early…React Rapidly

The market decline, economic slowdown and contraction in liquidity over the past five years have led to an increase in the number of businesses regarded as underperforming or distressed. Most business failures can be traced back to problems arising years prior to any corrective action. However, immediately responding to early indicators of distress can provide management and lenders a variety of rescue strategies.

The Art of Managing Vendor Negotiations & Communications in a Turnaround

In this environment of economic uncertainty, a company ignoring phone calls from angry suppliers and stretching trade credit is a tell-tale sign of distress. Although this approach may find temporary relief for management, it only delays the inevitable. Eventually every company in this situation will need to face reality head-on with its key stakeholder: the supplier base.