info@cathedralconsulting.com     (908) 227-6169

⌟ Turn-Around

Purpose

We assist small businesses in efficiently assessing the company’s current situation and making decisions for going forward regarding the status of the company.

Our Tern-Around Program

  1. Situation Assessment 
    • The initial assessment focuses on the analysis of the company’s financial statements as well as the development of a current and accurate Balance Sheet.
  2. Short-Term Cash Flow Assessment 
    • A cash flow forecast is developed to determine whether all operating expenses can be covered prior to debt service. 
  3. Alternatives Assessment 
    • Based on the cash flow assessment, the company will determine whether to create a going concern or dissolve the company.
  4. Implementation Plan
    • A six month plan will be designed to implement the decision taken. 
  5. Implementation Support
    • Regular support is provided to ensure plan implementation.