We hear from Stuart Noyes, Founder and Managing Partner of Winter Harbor – a Boston-based firm which provides restructuring and turnaround expertise to middle-market companies facing operational and financial decline in an effort to improve their operational performance, liquidity, and capital structure, and efficiently implement change. Since its founding in 2012, Winter Harbor has worked on nearly 250 cases, successfully stabilising distressed and underperforming companies
Turnover among CEOs at the world’s 2,500 largest companies hit a record high of 17.5% in 2018 according to PwC research, 3% higher than 2017 and well above the norm for the last decade. While some of these departures were voluntary, others were not.
In the UK, only four percent of businesses manage to celebrate and survive past their 10th birthday, and given the recent high street turmoil, this number is likely set to drop further. As a result, we are witnessing an increasing number of businesses looking for turnaround and restructuring solutions and specialists to breathe new life […]
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