Crisis/Interim Management

Quest professionals have extensive industry operating experience across all functional areas of management. They have directly managed companies and are prepared to function as an interim management team through a period of significant change. Our professionals have extensive experience as members of senior management in troubled situations that enhances our ability to act as interim managers or advisors. Quest professionals assess situations and formulate turnaround strategies rapidly; and effect necessary change to stabilize the business, allowing for a successful restructuring to proceed.

 

Examples of these activities include:

  • Preparing or validating detailed cash flow forecasts
  • Identifying opportunities to improve cash flow from operations
  • Identifying opportunities to sell assets or raise new financing
  • Organizing the interim management team
  • Handling all the specialized activities related to the restructuring or the insolvency process so management can remain focused on managing the business
  • Developing operating plans working closely with incumbent management
  • Retaining recruiters, select and train new managers as appropriate
  • Leading negotiations with customers, suppliers, landlords, and creditors
  • Negotiating employment contracts with key managers including design of key employee retention and incentive programs
  • Communicating with constituents

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