Delivering turnaround at Aaronite is first and foremost a general management skill developed by a few senior individuals who have years of experience in delivering change at the highest levels in many types of organisation. We feel successful turnaround has at its heart leadership, drive, focus and direction, and is all about bringing out the best in the people within an organisation facing difficulties. During the implementation of any turnaround an Aaronite Partner will be responsible for managing many individual elements and skills, which are often specialisations in their own right, including:
• Implementing class leading cash controls
• Operational restructuring and cost reduction actions
• Implementing effective HR management
• Securing and strengthening revenues
• Tightening of working capital management
• Assessment and reorganisation of assets
• Financial restructuring, raising additional funds or addressing debt
• Managing a sale or merger process or alternative concluding strategies
During a turnaround we understand liaising and negotiating with stakeholders is a key responsibility, be they secured lenders, bond holders, credit insurers or large trade creditors and HM Revenue and Customs.
Aaronite Partners work in the UK and internationally for clients on either creditor or debtor sides. If requested, we hold shares for institutions during periods of change and provide advice on the structure and performance of senior management teams.
Services we offer:
Leadership
Stakeholder management
Financial restructuring
Operational restructuring
Performance improvement
Turnaround planning & implementation
Working capital optimization
Direction of sale and exit strategies