Companies in financial distress face a unique set of challenges. They must ensure short-term survival while preparing for long-term success. If bankruptcy is unavoidable, a robust reorganization plan that addresses the needs of all stakeholders is imperative. To once again thrive in these difficult times, companies must answer critical questions such as these:
- How can we stop losing market share?
- How can we generate cash to fund our operations?
- How can we focus on the most viable parts of the business moving forward?
Our turnaround approach focuses on the most important operational, strategic, organizational, and financial levers in order to ensure a comprehensive recovery. We can validate an existing turnaround plan or develop a new one tailored to a client’s specific circumstances. By combining our vast experience in the industry with the proven tools of crisis management, we create a lasting impact — and fast!
These are some of our key client service areas:
- Stress Diagnosis
MFK’s proprietary diagnostic tool identifies the sources of financial stress, pinpoints areas for improvement, and estimates the magnitude of the necessary changes.
- Turnaround Planning
We provide the strategic input necessary for the turnaround plan, including a comprehensive industry analysis and portfolio implications.
- Operational Cost-Out Programs
MFK will design and execute a plan for rapidly reducing costs across all operations.
- Turnaround Management
MFK coordinates the various parties involved in the restructuring process to meet key deliverable goals and milestones. We lead the progress and ensure rapid execution.