A family owned instrumentation business located in Seattle, Washington, approached Turning Point about implementing a plan of restructure. From 1948 until 2012 the business had been run by the founder and then his son. During that period the family had been intimately involved in all aspects of growing and managing the business, with multiple family members working for the Company.

Turning Point was referred by a major national lender and engaged as the Chief Restructuring Officer (“CRO”) at a $40MM per year company that engaged in co-manufacturing and production of nutritional bars.

Turning Point was referred in to assist a business that sold premium Gift Baskets online, by a national bank that needed current financials, a detailed forecast, and a plan of restructure to get comfortable funding in to a stretched collateral base.

Turning Point was engaged to evaluate several motorcycle dealerships that were suffering from financial losses. The businesses had been purchased a few years earlier and the owner was struggling to balance the management and operations of the dealerships with a full-time career.

A leading manufacturing and installer in the commercial construction industry, in a soft commercial construction market and saddled with an acquisition that failed to meet exceptions, experienced significant losses for 18 months. A year-end physical inventory revealed significant discrepancies and forced the company to adjust inventory downward by a significant amount.

When this mid-sized media publisher was introduced to Turning Point they were at a crossroads. Having grown quickly, many of the processes and procedures the client had been using needed to be upgraded and re-thought. The company was suffering from declining profitability and cash flow as a result of growth.

A $40M local IT consulting company, managing a sales line that was growing at over 40%, was also undergoing a change in ownership.  The company, very successful in its core competency, had never been able to produce accurate financial statements and therefore had never been able to determine its true operatiions performance or to investigate abnormal variance.