Financial troubles are often invisible until the company has a serious cash-flow deficit and/or has violated loan covenants. The associates of Meridian can call upon their depth of management and financial experience in workout situations and determine what actions need to be taken. This assistance can be critical in keeping the troubled company’s focus on serving its customers, while resolving its internal problems.
A turnaround situation demands immediate attention to problems arising from the client’s customers, creditors, employees or competitors. The utmost confidentiality must be maintained to protect the market image of the company throughout this time. From experience, Meridian understands the effort required to help a company through the crisis. Our depth of management enables us to address many problem areas simultaneously.
Meridian specializes in piloting management through all of the stages involved in a workout environment by:
For more information on turnaround strategies, please see White Papers.
Past Journeys - Performance Improvement/Restructuring
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