Lender Paid
(Lender paid, Invoiced from Lender to Borrower)
- Automotive Stamping Supplier
Tool and fixture fabrication, stamping, weld and assembly processes - Cash flow due diligence centered upon tooling, launch capability, sales forecast and impact related to cash flow
Company Paid
(Directly Engaged by Borrower)
- Manufacturing Equipment Supplier
Design build of conveyance systems to utility and automotive sector - Overall evaluation of systems from quotation through delivery with focus upon historical loss analysis and risk assessment related to current projects including revenue recognition, percentage of completion and control processes
- Manufacturing Dunnage Supplier
Design build of racking systems utilized in material handling for primarily automotive suppliers and manufacturers - Viability analysis resulting in decision to pursue out of court orderly liquidation coordinated with secured lender
- Develop and manage 13 week cash flow
- Manage customer and supplier negotiations
- Successfully completed vehicle delivery contract allowing the client to avoid major financial penalties
- Steel Processor
Coil slitting and blanking - Viability analysis with alternative cash flow development to allow management to evaluate continuation or liquidation
- Preparation of 13 week cash flow to support orderly liquidation including underlying plan related thereto
- Successful hand off to management to execute liquidation with all creditor obligations met
- Automotive Stamping Supplier
Progressive stamping, welding and assembly for primarily automotive sector as Tier I and Tier II - Prepare viability analysis and alternative cash flow scenarios
- Develop and implement orderly liquidation with weekly reporting to secured lender and shareholders
- Secured and unsecured third parties paid in full
- Candy Manufacturing and Distribution
Regional small 140 year old company involved in manufacture, bulk repackaging and national brand distribution - Prepare viability analysis and 26 week cash flow at various volume and mix assumptions to allow shareholder and lender evaluation of future actions
- Assist in cash management and weekly reporting to lender terms of loan agreement
- Proceeding with orderly liquidation/sale process to pay secured in full, partial to unsecured