Truss Company

WOOD TRUSS COMPANY

The Crisis

This structural wood component manufacturing company produced products for the residential, commercial and agricultural building industry. This company had sustained losses for several years prompting their bank to demand that the company find another lender. The company had past due unpaid payroll taxes and severely aged accounts payables. Employee moral was low and customers were concerned and looking elsewhere for their sourcing needs.

Our Swift Action and Results

  • Identified key areas that contributed to the company’s losses
  • Reduced manufacturing costs
  • Renegotiated both secured and unsecured debt
  • Reduced total debt by 80% without the use of bankruptcy
  • Commenced operational changes resulted in achieving positive cash flow during first year of the operations
  • Helped to increase sales by 20% in the first year
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