Business threats that materialize unexpectedly can have a severe impact on business operations, incur unbudgeted costs and extend audit enquiries.
Whether caused by a project failure, an unexpected staff move, or some other unplanned event, Richmond Consulting Group has the experienced resources to alleviate the impact during a recovery or leadership transition period.
- Business rescue and recovery
- Functional interim management
Business rescue and recovery
Planning for the worst and having a contingency plan are two complex tasks that a number of organizations neglect. At Richmond Consulting Group, we have understood that any asset finance organization may find itself in a damage control situation at some point. When this occurs, the organization will need to address very specific issues in a swift and competent manner to keep operations in controls and to protect employees, customers and shareholders from further damage.
Over the years, we have helped a number of global asset finance organizations, in a confidential manner, navigating through operational, financial, fraud-related and conflictual situations.
Should your organization face an existing situation or plan for an hypothetical scenario, we can assist in a rapid and confidential manner.
The Richmond approach to project rescue and recovery
- Confirm business
- Understand status
- Identify issues, failures & pressure points
- Re-confirm success criteria
- Analyse root causes of failure:
- Evaluate benefits, costs & likelihood of recovery
- Agree recovery strategy
- Agree options
- Priorities, constraints & compromises
- Publish recovery roadmap and plans
- Establish stakeholder support and sponsorship
- Execute recovery
- Provide hands-on support to relieve pressure points
- Measure recovery performance
Problem statement & success criteria
Recovery options & strategy
Recovery support & leadership
Recovery execution & ownership
Working with Richmond
Asset finance expertise
Serving our clients for over 20 years
Global reach - local execution
Delivering projects in Europe, the Americas and Asia
Practical and pragmatic
Experienced, knowledgeable, safe