Distressed & Turnaround
- Distressed and Turnaround Management
- Court Appointed Receiverships for Operating Entities
- Specialized Financing and Investments
- Strategic Advisement and Coaching for Business Owners
Distressed businesses often need help re-organizing their organization in order to stabilize operations, and to acquire additional financing/investment capital as needed.
At Gem City, we can provide the resources and expertise to help a distressed business build and execute an effective recovery plan. We will work with you to get your business back on track. We can also work with management to give them the tools necessary to effectively run the business once our time is complete. Our goal is to help businesses rebuild by identifying the problems, stabilizing the operations and then placing the necessary resources, processes and financing in place to allow for a better future.
When your business is distressed, it does not mean it is the end. Too many times a business owner will give up too early by not seeing a way out. While bankruptcy is inevitable for some, we have found that many businesses can be saved for the benefit of the owners, the employees, and the communities they operate in. Our team has the experience of working with turnarounds, we are able to give an objective point of view upfront, and when engaged we apply all of our efforts to get things on the right track.
Let our team, along with our network, help you turn things around.
Gem City Business Solutions serves in the role of Court Appointed Receivership's for Operating Entities – An Alternative to Bankruptcy for many.
This is similar to the distressed and turnaround services above, however there are times when the process of local Courts are required to facilitate an acceptable working arrangement with creditors to allow for a turnaround. Gem City has served in the capacity of numerous Court Appointed Receiverships with a dedicated focus on managing the direction of the company while working on behalf of the creditors to take the necessary actions to stabilize operations.
While it is true that not all companies can be saved, we have proven that many can for the interest of all. This model is perfect when timing is a factor for success – more time is needed to obtain financing, more time is needed to stabilize the operations, or more time is needed to simply design and implement a new business model. At the end of the day, creditors want to be paid and business owners often want to do the right thing assuming they can stabilize to sufficient levels to address funding of the debt within the business.
When we are appointed to serve in the capacity of a Court Appointed Receivership we effectively step into the owner’s shoes for a while and assume control of the business. This is done with a focused effort of working on behalf of the creditors and the appointing Court to find a way out for all parties. It’s an alternative to bankruptcy for many as long as there is a business model to execute on.
Strategic layered capital planning and acquisition help businesses successfully organize their funding.
Gem City provides businesses with a plan of action to finance its overall operations and growth. We can help a business decide when and if there is a right time to take on new debt and where the financing should come from, whether from us or another source. Our team will help your company with capital planning and help you build a strategy that is manageable and sustainable based on your business needs.
There is a lot of planning that goes into where a business’ funding comes from. Is it responsible to assume new debt? Will it help the business grow? Will it bring in more capital? All these questions and more must be asked before a business commits to another funding outlet. Gem City Business Solutions can help you strategically plan your investments and debts. We will help you finance your day to day operations without hurting your bottom line.
Sometimes, all that is needed is a little guidance.
At Gem City, we have a passion for helping the small to mid-size business owner succeed. It comes with many years of experience and the diverse backgrounds we are able to bring to the table.
Whether it involves just a meeting to help give an objective opinion, or ongoing business coaching and mentoring, we can often help. If not us, we often have within our network the right professionals we can bring in or refer you to.