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Face it … sometimes it is hard to distinguish between a distressed business and a down business cycle like the cycles the company has experienced before. It’s natural to be optimistic, but if a company is distressed and the appropriate action is not taken soon enough, it could be disastrous to the long-term viability of the business. We have witnessed many situations where management tried to ride out a cycle, only to realize their business model or other factors will never enable a recovery. In these situations, the professionals at Manchester Companies are hired by senior management, corporate attorneys, boards of directors, lenders, or equity investors to assess the business, identify its issues, sort out the “truth”, and recommend a plan of action. In the assessment phase, we utilize our unique 7M Assessment Model© to thoroughly assess the client’s situation and quickly focus on solutions. Our clients benefit from our outside perspective, experience managing crisis situations, and track record of successfully turning around hundreds of troubled companies. |
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Manchester® is a registered trademark of Manchester Companies, Inc. |