Act Fast to Restore Business Value

“How do I overcome a business crisis?”

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Common indicators of challenges include: signs of cash flow and liquidity issues; sudden revenue decline; decreasing gross margins; increasing expenses; at risk of going out of covenant with bank loan agreements; and, a major customer unexpectedly taking its business elsewhere.

As business turnaround specialists, we have first-hand leadership experience in how to help struggling companies to restore business value. In fact, Platinum Group has earned awards for its business crisis expertise from Minnesota’s Turnaround Management Association in 2004, 2008, 2013 and 2017 and a national “Turnaround of the Year” award in 2018.

We will work alongside you to make quick, strategic decisions for restoring peace of mind and hope for your company’s future.

Turnaround Consulting Examples

  • A manufacturer expanded too quickly resulting in operating losses and need for more cash. The owner contacted Platinum Group early enough to establish a business restructuring and attain new capital. Within six months, operations were stabilized, the gross margin improved significantly and the breakeven point was reduced. With recapitalization, the company is on a steady path to growth.
  • Another manufacturer was suffering a liquidity crisis due to unprofitable operations and lender fatigue. Poised to shut down operations and lay off 200 employees, the owner retained Platinum Group to quickly identify and implement an alternative business strategy. The shutdown was avoided, very few jobs were lost and the owner was pleased with a strategic sale.
  • Another company faced with an imminent shutdown reached out to Platinum Group for help because a closure would trigger a call of personal guarantees that would result in significant loss to the owner. Several quick actions were taken to preserve cash. The company was repositioned and a new credit facility was found.

Read more case studies to learn about unique business turnaround challenges and solutions.

Turnaround Solutions

We have provided turnaround services to hundreds of companies since the early 1980s. Our due diligence process can be completed in two weeks or less to assess the following core functions: ownership, governance and leadership issues; sales and marketing analysis; operational problems and opportunities.

Possible responses through early, prompt intervention may help you, the owner or leader, with options to deal with the liabilities and alternatives to bankruptcy. One or more business turnaround strategy may include: raising equity/debt to fund expansion; improving cash flow and profitability through greater operating efficiencies; restructuring debt; pruning fixed overhead costs; applying new technology to improve operations, and more.

Business Turnaround Services

  • Crisis Management
  • Interim CEO/CFO/COO/CRO
  • Negotiations with Workout Bankers
  • Bankruptcy Advisory/Representation
  • Receiverships (Platinum Receiver Services)
  • Cash Flow Management

Tools for Business Turnaround

Breakeven Calculator

Formula for recalculating and monitoring your company’s break-even point. MORE

Liquidation Analysis Spreadsheet

Develop a credible liquidation analysis for your company. MORE

Your First Step

For a no-obligation consultation about your struggling business, contact:

Dean Bachelor

Dean.Bachelor@thePlatinumGrp.com
952-259-3218

“Our mission — ‘Meaningful Capitalism’ — provides the impetus for us to seek ways to bring meaning and value to every relationship, every client and every situation.”

Pat Brennan

Pat.Brennan@thePlatinumGrp.com
952-259-3232

“I’m the first call you should make with business issues keeping you awake at night. We’ll work together to navigate through negative financial performance and chart a way back to positive cash flow and profitability.”

Rod Peterson

Rod.Peterson@thePlatinumGrp.com
612-308-3369

“I enjoy raising capital for companies that are rapidly growing or in some sort of transition. It is satisfying structuring and closing a transaction that allows a company to pursue its strategic goals.”

Ron Leaf

Ron.Leaf@thePlatinumGrp.com
952-237-1932

“I enjoy helping business owners find solutions to their financial and capital challenges. Combining my broad investment and advisory experience with a process of research and analysis, I develop creative solutions that enable business growth.”

business turnaround

We will walk alongside you to make quick, strategic decisions for restoring peace of mind and hope for your company’s future.

Act Fast to Restore Business Value

“How do I overcome a business crisis?”

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Common indicators of challenges include: signs of cash flow and liquidity issues; sudden revenue decline; decreasing gross margins; increasing expenses; at risk of going out of covenant with bank loan agreements; and, a major customer unexpectedly taking its business elsewhere.

As business turnaround specialists, we have first-hand leadership experience in how to help struggling companies to restore business value. In fact, Platinum Group has earned awards for its business crisis expertise from Minnesota’s Turnaround Management Association in 2004, 2008, 2013 and 2017 and a national “Turnaround of the Year” award in 2018.

Turnaround Consulting Examples

  • A manufacturer expanded too quickly resulting in operating losses and need for more cash. The owner contacted Platinum Group early enough to establish a business restructuring and attain new capital. Within six months, operations were stabilized, the gross margin improved significantly and the breakeven point was reduced. With recapitalization, the company is on a steady path to growth.
  • Another manufacturer was suffering a liquidity crisis due to unprofitable operations and lender fatigue. Poised to shut down operations and lay off 200 employees, the owner retained Platinum Group to quickly identify and implement an alternative business strategy. The shutdown was avoided, very few jobs were lost and the owner was pleased with a strategic sale.
  • Another company faced with an imminent shutdown reached out to Platinum Group for help because a closure would trigger a call of personal guarantees that would result in significant loss to the owner. Several quick actions were taken to preserve cash. The company was repositioned and a new credit facility was found.

Read more case studies to learn about unique business turnaround challenges and solutions.

business transition

Platinum Group’s transition consultants will guide you through business succession planning by building a roadmap for reaching your business and personal goals.

How do I prepare for business transition?

That’s a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

As transition consultants to privately held and family owned businesses for more than three decades, Platinum Group mentors owners through the business transition process—and beyond. We are excited to work with you to achieve your vision and satisfying future. To create a successful business succession, we will work closely with you and your company’s trusted advisors, including bankers, lawyers, accountants and financial consultants.

Exit Strategy Examples

Our experience shows it typically takes two to five years to develop and start implementing a sound transition plan. For example:

  • We helped one business owner get positioned for a strategic buyer by solving his struggle with unprofitable operations, eroding revenue base and need to refinance. One year after we installed a new lender, we negotiated letters of intent from prospective buyers. This owner is now enjoying a fulfilling retirement.
  • Another owner was ready to retire but a prospective buyer wanted him to stay and run the business. We helped him to increase business value through an acquisition that created leadership for the future. We integrated the merger and facilitated the sale to a private equity firm. Now, this owner consults on the side while spending more time with family.
  • The 60-year-old founder of a family owned business was uncertain about who would own and run the company, yet he was reluctant to let go. We facilitated a family communication process to create a five-year transition plan. The founder has a defined sale of business with a trailing stream of income, with family ownership continuing into the next generation.

Read more case studies to learn about unique business transition challenges and customized transition strategies.

business turnaround

Act Fast to Restore Business Value

“How do I overcome a business crisis?”

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Common indicators of challenges include: signs of cash flow and liquidity issues; sudden revenue decline; decreasing gross margins; increasing expenses; at risk of going out of covenant with bank loan agreements; and, a major customer unexpectedly taking its business elsewhere.

As business turnaround specialists, we have first-hand leadership experience in how to help struggling companies to restore business value. In fact, Platinum Group has earned awards for its business crisis expertise from Minnesota’s Turnaround Management Association in 2004, 2008, 2013 and 2017 and a national “Turnaround of the Year” award in 2018.

Turnaround Consulting Examples

  • A manufacturer expanded too quickly resulting in operating losses and need for more cash. The owner contacted Platinum Group early enough to establish a business restructuring and attain new capital. Within six months, operations were stabilized, the gross margin improved significantly and the breakeven point was reduced. With recapitalization, the company is on a steady path to growth.
  • Another manufacturer was suffering a liquidity crisis due to unprofitable operations and lender fatigue. Poised to shut down operations and lay off 200 employees, the owner retained Platinum Group to quickly identify and implement an alternative business strategy. The shutdown was avoided, very few jobs were lost and the owner was pleased with a strategic sale.
  • Another company faced with an imminent shutdown reached out to Platinum Group for help because a closure would trigger a call of personal guarantees that would result in significant loss to the owner. Several quick actions were taken to preserve cash. The company was repositioned and a new credit facility was found.

Read more case studies to learn about unique business turnaround challenges and solutions.