Tree, Ornamental Plant, and Fruit Crop Producer
Industry:Agriculture & Growing
A Company that raised trees and ornamental plants, as well as growing fruit crops, was comprised of over 100 growing and nursery locations spread over several states.
Focus was engaged to develop a weekly cash flow, a business plan by location, and a restructure strategy.
- Focus worked with the Company’s internal staff and outside accounting firm to complete a location based forecasting model which could be used to drive a weekly cash flow, and a budget to actual comparison using the established general ledger of the Company.
- Focus also worked with management to develop a restructuring strategy involving a combination of sale of certain assets, conversion of specifically identified assets to other crops, a working capital line of credit, and additional borrowings – all to close the projected cash flow shortfall.
- Focus has worked with the Company and its lenders to complete a global restructure of all debt. This case is ongoing, with final structures currently in negotiation. The Company has re-established credibility with its lenders by providing a detailed cash flow and business plan, and is able to use that plan to further the negotiating strategies.