to relocating to China, for a period of 5 years, I founded and lead
a corporate recovery consulting company. Our projects primarily focused
on the transportation industry including trucking and distribution.
Senior executive and ownership roles in large and leading trucking companies
in Canada provided the career experience to establish that consulting
Corporate Recovery projects were largely driven by bankers, who wanted
an assessment of "going forward" probabilities of troubled
companies or bank "encouraged" assistance to senior management/owners
to improve cash flow, find additional financing, enhance business plan
preparation, budget sophistication or to expand, improve or enhance
periodic and regular reporting.
companies pre-emptively acknowledge these shortcomings and the negative
impression left with their bankers and engage us to assist them to "get
ahead of the curve".