People make turnarounds
happen
AshtonPenney Interim is the UK and Europe’s
leading provider of interim executives in turnaround and restructuring
situations.
Interim executives can
act as Chief Restructuring Officers during the turnaround as well as, for
example, CEO, CFO and COO, before or after the initial restructuring plan is
in place. Additionally they can assume critical roles to manage production,
human resources, systems, business development or sales & marketing projects
which have been identified as essential platforms for the recovery of the
business.
Interim turnaround
professionals are also available at very short notice to engage in short
term commercial due diligence or business reviews prior to lending decisions
or the appointment of new management to a business in decline.
Increasingly
stakeholders and advisers are realising the immense value to be extracted
from hiring a professional interim management or project team to lead the
First 100 Days post-restructuring. The team will have strong sector and
project management credentials including, where necessary, cross-border
skills and experience of local working practices. Then, having achieved the
milestones and signed off on the project, they hand over to a new,
incentivised management team with a different agenda for the business going
forward.
Interim executives
minimise the execution risk of the restructuring plan – especially important
given the usual narrowness of the opportunity and financial margins inherent
in the plan. A successful turnaround is achieved with an all pervading sense
of urgency and resources which enable timescales to be compressed. Working
hand in hand with the CRO, advisers and the residual management they are
seasoned professionals who can be trusted to perform.
