ENERGY SERVICES INFRASTRUCTURE

50 %
50 %
Information about ENERGY SERVICES INFRASTRUCTURE
Business & Mgmt

Published on March 12, 2014

Author: paulf8000

Source: slideshare.net

Description

ENERGY SERVICES INFRASTRUCTURE

ENERGY SERVICES INFRASTRUCTURE COMPANY TURNAROUND SUCCESSFUL RESTRUCTURING AND RETURN TO PROFITABILITY

REALITY Privately held Lack of controls 13 Months of Recurring Losses Losing $75,000 a month Weekly payroll high as a percentage of revenue Cash Flow Issues Need for Restructuring Salaries too high Overstaffed Insurance Too High; gaps in coverage

GAME PLAN Address core competencies Cut operating expenses Reassure employees, vendors, key clientele Cultivate commercial banking relationships Address partnership dynamics Subcontract more work Refocus sales efforts Cut office overhead (palatial building, company cars, perquisites) Get employees and management to work harder

OWNERSHIP DYNAMICS Top heavy Entitlement culture Poor financial controls Subsidiaries burning cash Top people paid excessively; workers and managers underpaid.

FINANCIAL IMPACT MAJOR CHANGES Reduction in $900,000 of overhead Cut insurance premiums Renegotiate leases and contracts 90 Day AP column bleeding Behind on billing; AR deflated; collections slow Cash flow crunch Instituted 13-week cash flows

OPERATIONAL CHALLENGES Cloudy business strategy “Sacred cows” Sloppy work crews Poor quality Poor payment history with vendors Anarchy in warehouse Fleet issues Vendor issues Lack of controls with subcontractors

FINANCIAL CHALLENGES Company burning cash Cash flow challenges Lack of controls Poor choice of financial software High overhead Six months behind on monthly closes

FINANCIAL IMPACT BEFORE: Losing $75,000 a month AFTER: Profit of $125,000 a month. FINANCIAL STABILITY Company avoided bankruptcy and mended banking relationship with their primary lender.

Add a comment

Related presentations

Related pages

Infrastructure Services - SITE | Home

ABOUT SITE. SITE is a fully-integrated energy services company that provides exceptional environmental, infrastructure and access services for oil, gas and ...
Read more

Energy Services, Energy Procurement, Renewable Energy ...

Sugarloaf Associates provides comprehensive energy services and procurement strategies, including utility relocation, energy procurement, renewable energy ...
Read more

Energy infrastructure services | Working with large ...

Need new electricity connections for construction sites, or to change supplies to commercial buildings? We can make the job cheaper, quicker, easier
Read more

beis.com - Welcome to our new website!

Welcome to our new website! With operations around the world, Brand Energy and Infrastructure Services provides integrated specialty services to the global ...
Read more

Home - Energy and Infrastructure

Energy and Infrastructure Magazine - Establishing global excellence in energy management and infrastructure development.
Read more

Willkommen bei Brand Energy | Industriedienstleistungen

Brand Energy & Infrastructure Services GmbH . Rehhecke 80 | 40885 Ratingen | Postfach 10 44 61 |Tel. +49 (0) 2102 937-0 | Fax.: +49 (0)2102 37651 |info_de@ ...
Read more

Energy Infrastructure Energy Services Jobs, Employment ...

8,157 Energy Infrastructure Energy Services Jobs available on Indeed.com. one search. all jobs.
Read more

Energy Sector | Homeland Security

The U.S. energy infrastructure fuels the economy of the 21st century. The Department of Energy is the Sector-Specific Agency for the Energy Sector.
Read more

Services | SITE

SITE is a fully-integrated energy services company that provides exceptional environmental, infrastructure and access services for oil, gas and resource ...
Read more

the brand companies - Brand Energy & Infrastructure Services

Find out more about the 12 companies current making up the Brand portfolio and providing expertise and value to the energy sector worldwide
Read more