Distressed company? Get specialist advice before considering a legal process!

So, your company’s performance is deteriorating from underperforming to distressed? With consistent operating losses, cashflow problems, declining margins, increasing debt load, late creditor payments, negative working capital, impaired assets or write-downs, breach of covenant loans?
Or with important operational yellow flags turning to amber or red, such as frequent equipment breakdowns, inventory pile-ups or shortages, production delays, high product recalls and return rates, and a shrinking customer base? Moreover, employees are under pressure to the point of breakdown and leaving?
Don’t postpone acting. Get specialist professional help fast! Start off by contacting a Specialist Turnaround Advisor to assist in assessing the problem and identify the available options. And keep in mind: Business Rescue is an option, but all other options should be considered before entering this process. The early engagement of a Turnaround Specialist experienced in crafting solutions not only provide more options to control the process and protect shareholder value but also could lead to increased likelihood of a successful outcome!

Choosing the right Turnaround Advisor is key.

• Firstly, note that nothing surpasses experience and a good track record (‘the best predictor of future performance is past performance’) in your choice
• Secondly, engage an advisor that can not only take your company through a formal Business Rescue process, but someone that has successfully turned around many companies without the cover of legal protection
• Lastly, engage someone who has been in the ‘hot seat’ before – i.e., someone who has managed a significant business before (and carried responsibility for the Income Statement, Balance Sheet and Cashflow of the entity). Someone you can trust.

And then you can ‘short circuit’ the search process by contacting Maxit Advisory – a specialist Turnaround firm. Even faster, call Maxit’s Managing Partner, Paul Aucamp, and set up a meeting.

• Mobile number = +27 (0)82 570 4678

• Email address = paul@maxit.co.za

• Website = www.maxit.co.za