Consulting

Turnaround

Warren Averett’s Turnaround Services Group offers consulting and business advisory services to companies in all stages of the business life cycle and within a variety of different industries.  Our Firm’s experience spans the full spectrum – supporting everything from profitable companies to distressed businesses facing bankruptcy, as well as assisting clients with the liquidation process and coordinating the affairs of a closed business.  Warren Averett assists clients that are marginally profitable earn more.  We also assist clients that are losing money return to profitability.  Warren Averett examines how a company is run, examines asset performance, evaluates systems and controls, and reviews management structure.  By using an analytical, outcomes-driven process, we hold a high expectation of bringing each engagement to a successful conclusion.

When working with distressed businesses Warren Averett’s experience includes working with both the debtor and the creditor. 

Solutions for Viable Businesses

Often viable businesses are in need of reorganization.  Whether a client’s reorganization takes place in court or out of court, Warren Averett has expertise to offer a variety of business advisory services:

Financial Restructuring

• Restructuring plan development
• Projections and forecasts   
• Negotiations with creditors   
• Sale / purchase of interest   
• Transaction consulting    

Operational Turnaround

• Interim crisis / turnaround manager
• Viability assessment in whole & by unit
• Situational analysis
• Development and execution of turnaround plan
• Advisory and traditional accounting services as needed 

Chapter 11    

• Financial Advisor for the debtor
• Accountant for the debtor
• Advisor to unsecured creditors
• Examiner
• Expert Witness
• Pre petition planning
• Assistance in securing DIP financing
• Plan development and exit strategy development
• Negotiations with creditors
• Projections and forecasts
• Administrative reporting
• Claims reconciliation
• Avoidance claims
• Distressed business valuation
• Implementation of fresh start reporting
• Plans of liquidation in chapter 11

Solutions for Distressed Businesses

Assignment for Benefit

• Advisor to major secured creditor   
• Viability assessment     
• Plan of orderly liquidation    
• Negotiation with creditors    
• Oversee execution of liquidation plan
• Liquidation reporting

Chapter 7

• Financial advisor to the trustee
• Viability assessment
• Plan of liquidation
• Avoidance claims

Crisis Management

Warren Averett immediately determines the scope and composition of the problem, moves quickly to establish stability and confidence by regaining control of cash flow, redeploying resources and resetting time frames for optimum results.  Once stability is achieved, we develop and implement strategies for continuous improvement.  We create order in the midst of chaos.

Business Restructuring

Warren Averett develops and implements comprehensive restructuring programs designed to increase shareholder value through significant improvements in operations.  We stabilize the crisis environment and develop a detailed, analytical diagnostic of a company’s operating economics and cash flow dynamics.  Based on this diagnostic, we rationalize and reorganize operations while, at the same time, restructure the financial obligations of the company to match its income potential.  Our goal is to leave behind an enterprise that is stable, self-sustaining and able to provide a future for its customers, employees, creditors and shareholders.

Interim Management

Warren Averett’s Interim Management Practice is a leading provider of hands-on, value-added interim management services.  We will rapidly deploy large teams, who often work full-time in executive positions at client companies.  Our staff has firsthand operational experience in a wide range of manufacturing and service industry sectors.  We offer each client a long-term commitment to achieve extensive operating improvements and increase shareholder value.
As interim corporate managers, we assume a hands-on management role to guide a company through crisis, stabilize the business and develop strategies to ensure survival through the transition period.  These roles include CEO, COO and operating positions within the company.  After the crisis, we may also be involved in implementing recovery strategies, and in recruiting permanent management.

Management Recruiting – Long Term Solution

Warren Averett recognizes that part of long-term success includes recruiting and retaining top quality managers.  We provide extensive recruiting services along with job specific candidate testing and evaluation.  more

Turnaround Experience

Warren Averett has extensive experience in the turnaround and bankruptcy areas.  Such projects include:

• Collateral check
• Borrowing base analysis
• Out of trust collateral check
• Collateral check fraud investigation
• Bankruptcy work out
• Distressed business, turnaround
• Distressed business, liquidation
• Distressed business, sale of business

Clients/industries we have supported with turnaround services include:

• Dairy and foods processor  
• Fishing lure manufacturer  
• Lumber company
• Household products manufacturer
• Tire manufacturer  
• Plastic processor  
• Furniture manufacturer  
• Steel processor   
• Truck manufacturer  
• Steel fabricating company 
• Auto dealership   
• Restaurant chain  
• Convenience store chain  
• Heavy machinery dealer 
• Scrap yard   
• Cabinet manufacturer  
• Theme park   
• Aluminum products manufacturer
• Trucking company