Examples of Client engagements include:
A local college was experiencing financial problems and needed assistance in reducing costs, developing new internal processes, and addressing outstanding debt. We were co-partner on the restructuring team and helped them with implementation of a new cash management process and budget and selection of new auditors for the school. In addition, we negotiated with applicable taxing authorities regarding unpaid taxes; lenders including DASNY for relief of debt service; and insurance brokers to enhance coverage for the school while reducing premiums.
Work on a high-profile construction project in New York City was halted due to the owner’s funding issues and foreclosure proceedings. As a result, our client, a subcontractor on the project, suffered significant cash flow problems and its lender refused to provide additional funds. The company had no CFO or controller. We prepared a financial assessment, a 13-week cash flow analysis, and financial projections. We made presentations to several different banks and were able to secure a new lender willing to help the company get through the financial crisis until the contract started again or the company obtained other work.