The Company is going through difficulties

Funds are scarce, cash is low, the shareholders and the employees are worried, the prospects are unsure.

When the company is going through a critical situation, the opportunity to lead a turnaround mainly depends on the reliability of the top executive and on the quality of the business plan that he will present to all stakeholders, the shareholders, the banks and the other creditors, the employees, the potential investors as well as the administration and political officials.

Used to dealing with turnaround situations, FONTENAY MANAGERS can intervene to support the top executive by creating an action plan based on facts in a few weeks.

This very detailed exercise leads to an assessment of cash needs for the next weeks and months and to a turnaround plan, or a continuation plan. Based on this plan, the shareholders and the executive manager will be able to cooperate with the manager from FONTENAY MANAGERS and take the right decisions in different directions:

• FONTENAY MANAGERS can be a support to help the top executive to carry on his day-to-day management, while organizing the negotiations with the creditors, to restructure the debts and undertake the legal measures

• Or, supposing that the insolvency can be avoided on the short term, FONTENAY MANAGERS can take the responsibility to organize the turnaround.

THE PROFESSIONAL TRANSITION MANAGER AND THE SPECIALIZED COUNSELS: in difficult situations, the expertise of some specialized consultants in accounting and law are generally necessary. Alternatively, the professional transition manager, thanks to his experience and to his neutral point of view goes to the key points and brings the essential: consistency and reliability of the general management and of its action plans. Furthermore, thanks to his general experience, the professional transition manager can reduce the fees paid to these experts.