What is a Turnaround Director
14 November 2022
2 mins reading time
Skilled turnaround directors and advisers have the following expertise and ability, amongst others, to:
- Reduce costs and enhance efficiencies through fine tuning processes, analysing data and adapting technologies
- Review and adapt strategy
- Prepare capital management plans
- Determine non- core assets for divestment
- Sell the business or assets at market value
- Identify EBITDA accretive acquisitions
- Negotiate and compromise covenant relief, improved terms, refinancing, and haircuts with lenders
- Compromise or reschedule with the ATO, landlords, employees and trade creditors
- Identify investors who will invest in your industry, strategy, and risk profile to raise capital
- Timing and order of any orderly winding down of surplus corporates within the group
- Determine whether it is advantageous to remain listed
- Assist in settling litigations
- Minimise the risk and/or effect of shareholder class actions and regulatory investigations
- Communicate fully and with integrity with the investment community.
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What is a Turnaround Director
14 November 2022
Skilled turnaround directors and advisers have the following expertise and ability, amongst others, to:
- Reduce costs and enhance efficiencies through fine tuning processes, analysing data and adapting technologies
- Review and adapt strategy
- Prepare capital management plans
- Determine non- core assets for divestment
- Sell the business or assets at market value
- Identify EBITDA accretive acquisitions
- Negotiate and compromise covenant relief, improved terms, refinancing, and haircuts with lenders
- Compromise or reschedule with the ATO, landlords, employees and trade creditors
- Identify investors who will invest in your industry, strategy, and risk profile to raise capital
- Timing and order of any orderly winding down of surplus corporates within the group
- Determine whether it is advantageous to remain listed
- Assist in settling litigations
- Minimise the risk and/or effect of shareholder class actions and regulatory investigations
- Communicate fully and with integrity with the investment community.