We at Buchler Phillips believe that it is important for a CRO to adapt to the culture of the company and establish trust and credibility with management and general work force.
Operational turnaround is a very delicate corporate exercise, where a Corporate Restructuring Officer (CRO) may need to perform a number of different roles during the restructuring process. Usually a debtor in possession will try to find a CRO that has hands-on-expertise and experience in the debtors industry.
It is important for a CRO to adapt to the culture of the company and establish trust and creditability with management and the general work force. Once trust and confidence has been achieved, the CRO needs to identify the problem, the core business and the end game, effectively isolating the company’s offices from the restructuring process by leaving them free to peruse the day-to-day operations of the company and implementation of the new business model.
We at Buchler Phillips, with over 25 years experience in the market, are uniquely placed to provide support to management ranging from:
• Managing stakeholder expectations
• Providing flexible ways to improve margins
• Maximising efficiency and maintaining sufficient cash flow
• Providing stability to all stakeholders by a timely deliverance of the restructuring plan