Interim Management to Construction Equipment and Farm Implement Manufacturer
Inglewood was engaged by the bank to evaluate the viability of this credit. After indicating serious issues at the company, Inglewood was engaged by the company to improve operations. In order to overcome the damage from the prior ethically challenged CFO, Inglewood implemented cash control systems and cut operating costs. Product quality problems were identified and repaired, and Inglewood enhanced the on-time delivery and production throughput. As a result of the operational improvements, the bank was able to sell the debt at full face value.