This private company initially experienced financial difficulty after moving its manufacturing operations from a leased facility to a company-owned building. The building was also renovated to accommodate new and refurbished production equipment.
During the transition, the company experienced significant cost overruns, delays in receiving necessary government and health certifications, and service disruptions to key customers. This resulted in significant financial losses and violations to loan arrangements with its lenders.
Cedar Croft Consulting was engaged to assess the viability of the business going-forward, identify key strategic issues and challenges, make recommendations to improve profitability, and formulate a plan to restructure secured and unsecured debt.