During periods of financial and operational turnaround or other
management crisis, Greenwich Financial Group provides interim
management at the senior executive level. We typically
fill the CEO/President, COO or CFO positions. All of our professionals
have filled these roles numerous times, and in many industries.
Our ability to occupy these positions and make strategic, unbiased
decisions is a key asset during difficult situations. Interim
management is our strength.
Sometimes current management is faced with overwhelming issues
and needs trusted outside advisors, interim management, to provide
supportive analysis and decision-making skills to particular
problems outside the day-to-day operations. In these cases, we
can supplement management in dealing with extraordinary situations,
freeing them to attend to day-to-day management of the ongoing
Other times we are asked by key stakeholders to manage a successful
exit. This may include divesting or closing down some of the
business units. In these circumstances, understanding the time
constraints faced by the company is critical, as is understanding
the relative positions of all of the stakeholders. We have extensive
experience as interim managers in obtaining the highest and fastest
values to bring difficult situations to a conclusion.
Common situations where business owners or management may fill
a position with interim management:
The company faces a crisis and the existing management team
has limited experience in handling such matters while running
the day to-day operations of the company.
A key executive has left and the time and expense of finding
an immediate replacement proves too significant. The board of
directors and/or equity sponsor has lost confidence in the existing
management team. The company's creditors will not extend credit
to the company under the existing management team. Family disputes
over succession or management have paralyzed decision-making
to the point of value destruction. The company is contemplating
selling some or all of its business units, leading to the departure
of key executives who may or may not have been of value to the
sale. It is too costly or inappropriate to hire replacement(s).
Most company leaders are not experienced in crisis situations.
The chaos associated with cash flow problems, customer issues,
vendor problems, etc. can be overwhelming. Whether management
is experienced at operating a profitable business or is inexperienced
at overall management, their ineffectiveness at dealing with
a crisis may be making matters worse for the company. The multiple
priorities and uncertainty coupled with new situations, makes
troubled times difficult for most managers.
Regardless of how a company gets into difficulty, Greenwich
Financial Group can provide experienced professionals who can
quickly guide the company to recovery. By assuming leadership
roles within a troubled company by either replacing or guiding
incumbent management, we are able to identify problems and implement
solutions that might otherwise remain hidden from the company's
management team. Our competence, sense of urgency and unclouded
vision enables us to provide professional management and leadership
at a time when it is needed most.
Once change is effected and the company is set on the path to
recovery, Greenwich Financial Group then helps the company hire
replacement managers to ensure that the recovery can be sustained.
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Companies and lenders can find themselves in a position where
assets need to be converted to cash - to fund current operations
or for debt repayment. Greenwich Financial Group has the ability
to provide expert guidance to lenders and company stakeholders
with regard to converting assets to cash to repay debts on both
a going concern and a break-up basis.
Our professionals can assess the working capital needs of companies
and assist management in developing plans to shorten the cash
cycle and maximize the cash flow.
Greenwich Financial Group has experience in all aspects of bankruptcy
and receiverships. Our professionals have served as:
||Financial Advisors to Debtors and Creditors Committees
||Court appointed receivers
||Lender / creditor expert witnesses
||Company interim management
||Investment bankers for 363 sales
||Shareholder or equity sponsor consultants
Our professionals have extensive experience in guiding companies
through bankruptcy proceedings. We are able to assist in developing
a feasible plan of reorganization, complete an orderly liquidation,
or facilitate the sale of the company. We have relationships with
law firms and investment bankers that allow us to bring more to
the table than just basic financial management. At the same time,
our ability to deal with uncertainty and chaos allows us to manage
the financial aspects of the company with the expertise necessary
to maximize cash to the estate - either for normal operations or
repayment of creditors.
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In addition, The Greenwich Financial Group provides litigation support services
to law firms. We can also provide expert testimony by virtue of our specialized
and extensive industry experience.
Bank & Creditor Negotiations
Debt Management Consulting services for business survival
Is your business experiencing financial strains, in a serious decline
or in a financial crisis?
Our debt management services can provide a strategy for the best
approach to your business situation. We provide discreet intervention
with creditors. We negotiate to reduce/remove burdensome obligations
||Lease restructuring and modification
|| Past due payables reduction and settlement
|| Lawsuit arbitration and settlement
||Loan modification and settlement
|| Overdue accounts receivable collection
|| Excess asset liquidation
||Personal guarantee settlement
||Referral to expert federal and state
tax negotiations specialists
We assist you in staying in business or exiting the
business, whichever you choose.
We are an Alternative to Bankruptcy.
No Charge for Initial Consultation
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When companies experience problems, the symptoms of declining
availability under bank lines of credit and associated cash flow
tightening can also be associated with mounting creditor pressure
for refinance and quick turnaround.
In such situations, a company's first need is to assess the
situation in hand and immediately stabilize the situation. At
the same time it is imperative that we identify root problems
and establish a clear path of recovery. Having stabilized the
situation and developed a plan for recovery, the next step is
to present the recovery plan to interested parties - including
the company's lender(s) and its other creditors - in order to
obtain their support for the plan.
The professionals of Greenwich Financial Group are experienced
in creating recovery plans which address the diverse needs of
a company's stakeholders, and then negotiating with bank groups
and creditors to enable the implementation of the plan. This
approach preserves the ongoing value of the business. Our hands-on
approach helps the company re-establish credibility with its
key constituents and major funding sources.
Greenwich Financial Group understands both the needs of the
company and the requirements of lenders. We are able to provide
an outside opinion and calm approach to the negotiations which
in turn result in a successful outcome for all parties.
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