We spend a deal of time talking and meeting with banks.
Our clients may need extension and or increase of current creit facilities or, in terms of turnaround, they may need the bank to buy into a longer term strategy of parked or frozen debt.
In any case, the keys for banks right now are ;
- Governance
- People
- Profit
Banks need to see solid leadership and quality in terms of financial and non financial reporting.
The business needs to demonstrate a clear ability to generate profits, if not now then as the output of their turnaround plan.
More important than anything else is the abiliyt of the business owner or leader to carry it off. This is not easy to assess but is critical going forward.
So remember – profit, people and governance are more important now than ever before. Businesses across New Zealand are looking to their leaders for a plan.
Looking for a leader - Dunkirk 1940
