NORACTION

Dramatic change in business continuity due to sales, technical or financial reasons.

Action required: Define the problems and take quick action to regain trust and stability.

The changes to the company's organization require impartial management to redefine functions and operations.

After the initial analysis, it is necesary to start rationalization and reorganization programs, either financial and/or operational, to establish a structure that maximizes value for shareholders, customers, employees and creditors.

In most cases this is an agreed upon position among property, the management team and banking institutions. An independent third party restructures the organization whereas the management team manages the day-to-day activity of the company.

Identify the required actions to improve margins.

There must be a consensus among the members of the management team for faster, more effective implementation of measures.

Follow up adopted measures.

Negotiation with creditors, mainly financial institutions, to adapt the financial structure to the new business situation and ensure business continuity.

Prepare negotiation documents.

We take up negotiation as an independent, objective third-party.

These essential proceedings must be adequately managed to defend the company. This involves carrying out a cause analysis and taking quick and methodical action to face the future.

We take over business administration minimizing the responsability of the previous administrators.

Follow up the company providing an external perspective, assisting the company's strategic development.

Our independent position helps to channel the various shareholders' interests.

In cases in which it is considered that the company or organization is not viable, we manage the liquidation proceedings according to the relevant objectives (price, reputación, administrator responsibility).

The participation of a professional third party ensures an optimum result for all parties.

The objective is very clear: avoid administrator responsibilities.

Implement cost reduction measures, administrative improvements or reporting after taking control of recently bought or merged companies.

In-depth evaluation of corporate operations to confirm due diligence processes and identify additional improvements.

Reinforcement of the managing team to make the most of changes.

It may be necessary to quickly fill a managerial position full time or part time either due to reinforcement reasons or vacancies due to dismissal, transition or temporary absence.

Developments, investments, businesses or projects that require additional, specialized management resources for a limited period of time to achieve specific objectives.

The company's core business activity must change. Management and performance analysis, evaluation of systems and proceeding, and definition of objectives through accurate, analytical action.

It is a good time to carry out necessary strategic or operational changes