Restructuring

Modification, rebound and resilience building, relocation or strategic winding-up of a corporate structure to minimise losses

Banks, VCs, and PE Funds have several needs from their portfolio companies; they should be managed for cash in good times as well as in bad, grown rather than merely restructured to increase their investment, and led by a "safe pair of hands" to minimise risk.

When a new top team is not enough, Turnaround Management may extend to a radical re-assembling of the entire corporate entity - a major implementation scheme that requires a formidable mix of creative imagination, financial engineering and specialist skill sets.

Drastic remedies need the experienced touch
At those times when a fresh approach or an interim team isn’t enough to rescue a firm, the situation may call for solutions quite unfamiliar to the incumbent management, and beyond its capacity.

To Postern, the diagnosing of such problems is second nature, and the options are easily identifiable by our immensely experienced core management team. The answer might be, after quickly assessing the effectiveness of the underlying business model, a skilful modification of the company’s operations and/or corporate structure into a new shape that allows for rebound and resistance building in a size that will make it fit for overall survival. It might be a matter of relocation to a different kind of premises or honing down to the core business to make it more cost effective. Or it might be the hard decision to wind-up the company in a way that will cause least damage - which is not just a matter of walking away.

Handling the human side
The other half of the restructuring equation is the effect on the workforce and their families, the company’s clients and suppliers, and the local community.

Postern understands as well as anyone the human consequences of corporate change, and is fully experienced at implementing relocations and redundancies with sensitivity and minimum inconvenience. The handling of attendant PR on a local or national basis is also a major specialty.