Services

Distressed companies face an uphill battle when determining strategies for restoring profitability. To address financial and operating difficulties, it’s necessary to take swift, appropriate measures.

The first step is to develop a comprehensive action plan that will quickly improve your financial results. For the plan to be effective, it must address the concerns of your stakeholders, employees, creditors, vendors and lenders, as well as outline a strategy to maximize and preserve equity. Business continuity planning and actions while addressing the challenges are also critical.

Because of the complexity and time involved with developing a comprehensive turnaround strategy, seeking outside support can make all the difference in achieving a positive outcome.

How we can help
At RSM McGladrey, our business turnaround professionals are a valuable resource for distressed companies and their stakeholders. We’ve provided turnaround consulting services in a wide range of situations and across diverse industries.

Our professionals help facilitate the strategic and operational decisions necessary to restore profitability. Depending on your needs, we offer a flexible approach designed to improve your business operations — and ultimately your financial performance.

Focusing resources on critical areas of your operations, we work with you to:

• Define a new strategy based on analyzing markets, competitors and core competencies
• Recommend process changes to improve operating efficiency
• Identify methods for improving organizational structure and staffing levels
• Review expenses, credit relationships and cash flows
• Develop reorganization plans and forecasts of future performance
• Identify key performance measures and track progress weekly

Our approach is designed to position your company for long-term survival by enabling you to:

• Continue operations without the burden of unmanageable debt 
• Reshape the organization for maximum efficiencies
• Realign expenses to an appropriate level
• Improve operational performance
• Retain high-performing employees
• Identify new leadership from inside and outside
• Foster development of a new corporate culture

Why RSM McGladrey
Because we’re committed to helping your company succeed, we take a value-added approach to turnaround consulting — not only providing you with suggestions to improve your organization’s performance, but with guidance to help you implement the recommendations.

Our services are designed to provide our clients with exceptional value and often yield opportunities to improve operational and financial performance. The result can be a more efficient, better-run business positioned for a profitable future.