Business/Financial Evaluation & Restructuring
Our Services
Companies often need a fresh set of eyes and a strong pair of helping hands to find the strategic alternative that allows them, or a key business unit , to survive and prosper. Poor recent financial performance, a major operational failure, the departure of a leader under unfavorable conditions, a deteriorating relationship with major lenders—these are all situations that demand transition to a new paradigm. Management, the board of directors, investors, or lenders may require, or be required to retain, an outside firm to assist. Companies in these situations have hired Cordes to:
- Review existing operations and determine the true state of financial and operational affairs
- Evaluate the operating environment and competitive positioning of core and non-core business units
- With management and practitioners at all levels, identify areas of deficiency and opportunity
- Make recommendations to interested parties regarding alternative courses of corrective action
- Develop and execute strategies to refocus the business for success
Cordes delivers these services in a number of ways including:
- Assessment of management capabilities
- Supervision of an entity to ensure that work-out/turn-around plans are meeting agreed upon objectives
- Protect cash collateral or assets from erosion
- Provide executive management and interim leadership of a business during a transitional phase
- Interim or longer term board of director representation
- Lead or assist in the search for permanent management
Even the best companies with the best products and services can stumble. The speed and intelligence of the response can determine whether these situations are speed bumps or stone walls.
Our Advantage
Breadth and depth of personnel experience. Always starting with the review or, where necessary, the development of a solid set of financial reporting tools, Cordes professionals think like owners of the business. We ask ourselves, if we were owners and had a free hand, what should be done? We have no legacy prejudices and no debilitating historical relationships. We approach all problems as if we have a clean sheet of paper and then overlay the reality of existing parameters. We grow antennae, not horns, and look for those internally generated and externally tested alternatives that sometimes don’t get the appropriate support in transition situations.
References
Throughout the firm, we have developed hundreds of strong relationships with creditors and attorneys. We can provide multiple references tailored to the business type or situation of a potential engagement.