Phoenix conducts an operational assessments, develops a 13-week cash flow forecast, and refinances a security guard service provider returning the Company to profitability.
Phoenix’s client was a privately held $6.5 million Security Guard Service provider based in Pennsylvania.
Due to poorly managed contracts, unsupervised overtime, and deteriorating profits, the Company had defaulted on a loan agreement. The Company’s senior lender was growing concerned regarding the Company’s declining cash position.
Phoenix initiated an operational assessment and developed a 13-week cash flow forecast. This action gained the bank’s support while Phoenix went to work on the Company’s operational issues. Phoenix reviewed every customer contract, and made changes in staffing, overtime and pricing, which returned the Company to profitability in 60 days. Phoenix then refinanced the Company’s debt and, for the next several years, the Company realized 15% annualized revenue growth.
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