Distressed businesses
333 Management has extensive experience in the turnaround of distressed companies. Typically we are engaged in these circumstances to maximise returns and avoid formal insolvency appointments.
The most common situations are:
- debt right-sizing and debt-to-equity conversions with a long-term plan to turnaround and exit
- service company or company with unsaleable security whereby the only way to get value is to run and sell as a going concern
- parent is in receivership but an entity under it is still viable and can be run as a going concern ahead of an exit.
Our focus is on:
- determining the best structure, including Special Purpose Vehicle and right-sizing debt
- stabilise the business
- ensure the right management team and structure is in place
- enhance cashflow management
- implement quick but effective fixes
- build a sustainable business model
- maximise value for sale.