Oxford Turnaround Management Association meeting

“ Finding water in a desert” 24 th March 2010 Oxford Turnaround Management Association. By David Hole – Turnaround Practitioner

“ ..... a Turnaround Practitioner's view on creating solutions and finding the money to do it with. The work of the Turnaround specialist has become more difficult to execute because the traditional sources of finance are no longer readily available. “ David Hole CEO & founder of Greenfield Restructuring Services & Minerva Training Associates & Alexander Business Consulting discusses his experiences of the last two years and suggests options for the foreseeable future. David has 23 years experience of the Turnaround / Restructuring market, has previously worked for International, National, Regional and specialist firms of accountants. David is also a main board director of the Turnaround Management Association (UK) and is responsible for Education. In the last two years he has dealt with its Membership and PR aspects. He has a passion for the turnaround mindset. Greenfield Restructuring Services Ltd T/A GRS, Grosvenor House, 45 The Downs, Altrincham, Cheshire. WA15 8EE All contents copyright – GRS 2010

Greenfield Restructuring Services Ltd T/A GRS, Grosvenor House, 45 The Downs, Altrincham, Cheshire. WA15 8EE All contents copyright – GRS 2010

1 - Analogy
Internal
External

2 - Market Observations
Preparation
Fundamental Issues
Mantras
Assumptions
Marketplace

3 - Context
What has changed
What should have changed quicker
What will change
Application

Adapted from Maslow’s Hierarchy of needs. Level 3 – Self Actualisation – Hedging to protect the P & L account Level 2 – Keep to the larger picture. Preserve credit ratings, secure credit lines, issue bonds for growth & take adv of strategic opportunities. Level 1 – Physiological & Safety level = Liquidity. Greenfield Restructuring Services Ltd T/A GRS, Grosvenor House, 45 The Downs, Altrincham, Cheshire. WA15 8EE All contents copyright – GRS 2010

4 – Rebalancing businesses for the future
Asset Pricing
Credit Scoring
Unwind
ABL
Consequences
HMRC & rebirths
Rebalance
Pre-pack vs. CVA
HMRC
New Rules
Different Agendas
Restructuring Tools
SME market
End of Road
Workout Bankers
More Equity

5 – Corporate Treasury
Back to basics
Treasury roles
Quality relationships
Change agents

6 – Internal Sources
Treasury Control
Cash flow
P & L
Balance Sheet
Capital Projects

7 – External Sources
ABL
Remortgages
Venture Funds
Grants
Ad Hoc invoices
P.E.
Landlords
Shares & Bonds
Reverse factoring
Economies of scale
Regional Agencies
Business Angels
Bank
Other suppliers
HMRC
SLGS / EIS schemes

8 – Internal Issues
Control & Timing
Finance
Mgmt
Operations
Marketing
Sales
Strategic

9 – External Issues
Control & Timing
Mgmt Info
The Equity Gap
Share types & Issue of
Protection of dir/owners monies
Align to banks
Securitisation
Terms

10 – SME’s & OMB’s
Definition & Importance
Access / Barriers to non-bank funding
Recent government statements

11 – Personal case studies
Farm Business
Meat Packing Business
Property Development – No 1 & No 2

12 – Q & A

13 – Tips & Recommendations
Act before you are pushed – keep control
Relevant financial data
Sustainable business model
Business planning
New operating environment (Context)
Cash & Margin
Share business critical issues.

http://www.slideshare.net	5
http://www.bllaw.co.uk	2
http://soimps01	2
http://www.lmodules.com	1

Oxford Turnaround Management Association meeting

by Blake Lapthorn on Mar 25, 2010

Accessibility

Tags

Upload Details

Usage Rights

4 Embeds 10

Statistics

Oxford Turnaround Management Association meeting — Presentation Transcript