Expertise
Turnaround & Restructuring
Rapid diagnostics, cash triage, vendor negotiations, and restructuring aimed at preserving going-concern value.
Overview
When a business is in trouble the first casualty is clear information, and the second is time. ChurchillTerry steps into distressed situations quickly, establishes the true cash position, stabilises the immediate threats and works out whether the business is viable — then does the work to get it there.
This is hands-on work. It involves difficult conversations with lenders, vendors and sometimes employees, and owners usually want someone in those conversations who has had them before.
Strategy
What we do
- Rapid diagnostic
- A fast, forensic read on cash, obligations, covenant status and the real profitability underneath.
- Cash triage
- Immediate control over disbursements, prioritisation of payroll and critical vendors, and a weekly cash discipline.
- Vendor and creditor negotiation
- Negotiating terms, standstills and payment plans with the people owed money.
- Lender management
- Managing the bank relationship through covenant breaches, forbearance and restructuring.
- Operational restructuring
- Cost structure, footprint, lines of business and headcount decisions, with the analysis to support them.
- Viability and options
- An honest assessment of whether to fix, sell or wind down, and what each path protects.
Engagement
Typical engagement models
- Emergency stabilisationA short, intense engagement to stop the bleeding and establish the facts.
- Turnaround managementSeveral months of hands-on leadership through the restructuring.
- Advisory oversightLighter-touch support where internal management is running the turnaround.
(Engagement scope, hours, and pricing are defined in the Statement of Work.)
Our approach
Our approach — three focused phases
- Phase 1
Stabilise
Establish the cash position, control disbursements, identify the immediate threats and buy time.
- Phase 2
Diagnose
Separate the profitable core from what is consuming it, and test viability against realistic assumptions.
- Phase 3
Restructure
Execute the operational and financial changes, renegotiate what must be renegotiated, and rebuild reporting.
Fit
Who this is for
- Companies short on cash, behind with vendors or in breach of covenants.
- Profitable-looking businesses that keep running out of money.
- Lenders and investors wanting an independent read on a struggling portfolio company.
FAQ
Here’s the Facts
- How fast can you start?
- For urgent situations we can begin remote work within 48 to 72 hours. Onsite depends on location and scope.
- Do you handle insolvency proceedings?
- No. That is legal work, and we coordinate with insolvency counsel where it becomes the right route.
- Will you tell us if the business is not viable?
- Yes. An early, honest answer preserves more of the owner's position than a hopeful one.
Strategy
More Strategy services
- Strategic PlanningFacilitated strategy sessions that turn big ideas into a prioritized roadmap with resources and financial consequences attached.
- Pricing & Market AnalysisCustomer- and cost-informed pricing, margin analysis, and market sizing to find hidden profit and where to capture it.
- M&A / Exit / TransitionSell-side and buy-side readiness, valuation, and transaction execution support that protect seller value and reduce friction.
Contact Us
Get the Support You Need
Tell us where your company is in its lifecycle and what’s keeping you up at night. One of us will run point and come back with a clear plan.
Located in Dallas-Fort Worth, TX
5068 W Plano Pkwy Ste 202
Plano, TX 75068
Located in Dallas-Fort Worth, TX
5068 W Plano Pkwy Ste 202
Plano, TX 75068