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Case Study: Construction Company
Viability Analysis, Turnaround Plan Development
and Implementation
Company: $100 million construction company specializing in cable and wiring installation for the Telecom and Wireless industry.
Situation / Tasks Performed: The Company was the largest subsidiary of its parent and was operating unprofitably, draining significant
amounts of cash out of its parent company. Due to poor reporting, record keeping and accounting practices, the Company was unable to
accurately assess job profitability. TRG was hired to offer the Company assistance by developing cash flow forecasting, analyzing job
revenue and costing and recommending management changes and other operational improvements. Within two days of arriving, TRG discovered
that work-in-process had been grossly overstated and quickly determined that the Company had lost millions more than had been reported to
either the Company's shareholders or the Bank.
Results: TRG assisted in the reorganization of management. The President and CFO have been replaced and certain regional jobs have been
shutdown. TRG continues to work with the Company to maximize profitability and limit cash losses.
Nature of Assignment:
Primary: Viability Analysis
Secondary: Turnaround Plan Development
and Implementation
Industry: Construction
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