The options available to turn-around a company in a timely fashion can vary significantly, especially depending on the size of the business. Larger businesses for example, call sell off assets to raise cash and/or decrease debt. They can cut large numbers of employees. They also likely have access to financial resources (banks) to infuse capital. All of these options likely aren’t available for most smaller and mid-size firms. This is where a good receiver comes into play.
Martin Management Services, Inc. will take the time to meet with key personnel and gain a thorough understanding of what’s at stake, and what needs to be done to turn the business around. We will identify the key problems and develop a plan of action, working with bank reps, vendors, customers, tax authorities, and others that are crucial in a successful plan of action.