Return to Profitability
A leading manufacturing and installer in the commercial construction industry, in a soft commercial construction market and saddled with an acquisition that failed to meet exceptions, experienced significant losses for 18 months. The lender, having lost confidence in the company’s management, referred the company to Turning Point.
When this mid-sized media publisher was introduced to Turning Point they were at a crossroads. Having grown quickly, many of the processes and procedures the client had been using needed to be upgraded and re-thought. The company was suffering from declining profitability and cash flow as a result of growth.
Change in Ownership
A $40M local IT consulting company, managing a sales line which was growing at over 40%, was also undergoing a change in ownership. The company, very successful in its core competency, had never been able to produce accurate financial statements and therefore had never been able to determine its true operation performance or to investigate abnormal variance.