Case 066 - Interim Manager

Location : Illinois | Industry : Manufacturing

SITUATION

Concrete tube and foundation manufacturing that was losing market share and shrinking. One of the senior managers had purchased the business and was attempting a turnaround.

SOLUTION

Newpoint Advisors Corporation was asked to assist the new owner in organizing their turnaround plan and evaluating it for the banks comfort and/or exit.

RESULTS

Newpoint Advisors Corporation recommendations provided a bridge for the lender and owner to get comfortable and continue with their renewed relationship.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 065 - Receivership

SITUATION

Couple owned military surplus store and opened a wine gambling center next door. Company was hit with large property and sales tax bill due to increase in tax rates. Company could not cash flow their bill.

SOLUTION

Newpoint Advisors Corporation liquidated the collateral for the purposes of paying back the bank.

RESULTS

After liquidation of collateral, the bank waived any deficiency.

MONEY RETURNED TO FINANCER


$K

Case 064 - Receivership

Location : Illinois | Industry : Real Estate

SITUATION

Newpoint Advisors Corporation was retained to mediate and lead the successful sale and transition of the bank’s collateral. Owner of real estate portfolio fled the country after '08 recessions and was not paying the bank back.

SOLUTION

Newpoint was retained to find the owner and help mediate and oversee the transition and sale of collateral for the benefit of both lender and borrower.

RESULTS

Newpoint Advisors Corporation successfully oversaw the sale of collateral

MONEY RETURNED TO FINANCER


$K

Case 063 - Cash Flow Coach™

Location : Illinois | Industry : Misc

SITUATION

Scrap Electronics Processor client needed a Cash Flow Coach™ and lacked the staff. CFO used Newpoint to build and develop a cash flow model.

SOLUTION

Newpoint implemented its Cash Flow Coach™

RESULTS

Management implemented the tool and trained staff on how to use it.

MONEY RETURNED TO FINANCER


$MM

Case 060 - Litigation Support

Location : Indiana | Industry : Healthcare

SITUATION

Doctor - Individual and business Chap 11 cases needing financial report to support Plan projections.

SOLUTION

Newpoint Advisors Corporation prepared report based on financial analysis in connection with the debtor's plan of reorganization and disclosure statement.

RESULTS

Newpoint report advanced settlement discussions with FDIC and confirming Plan.

JOBS SAVED


Case 059 - Bookkeeping Report

Location : Florida | Industry : Retail

SITUATION

Gymnasium - Chap 11 operating debtor in need of monthly operating reports

SOLUTION

Newpoint Advisors Corporation affordably prepared monthly operating reports in efforts to reach a confirmed Plan.

RESULTS

Case was dismissed due to debtor failure to comply.

Case 058 - 20-Day Proactive Assessment™ Extreme Accounting TAME™

Location : Illinois | Industry : Software Staffing

SITUATION

Staffing related engineering company that had high customer concentrations and a testing facility that was highly underutilized because their key customer had pulled back on projects.

SOLUTION

Newpoint Advisors Corporation made an assessment of the business that required changes in cost analytics. Management was slow to make changes and bank required the exit.

RESULTS

Newpoint successfully refinanced the company and ultimately went on to assume the CFO role and help the company improve its analytics through its Extreme Accounting program.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 056 - Fiduciary Services

Location : Illinois | Industry : Engineering

SITUATION

With a global HQ in Europe, this engineering for conveyers company was very successful, and the son of the owner wanted to expand in to the U.S. and did so but instantly failed because of the inability to find local, effective management.

SOLUTION

Newpoint Advisors Corporation was retained to wind down the operations of the company and find a successful bidder for the sale of the assets.

RESULTS

Newpoint Advisors Corporation completed a successful sale and the secured lender was paid in full. Unsecured lenders received partial distributions and landlord was able to take control of the property in a turn key situation.

MONEY RETURNED TO FINANCER


$K

Case 055 - Forensic Accounting

Location : Florida | Industry : Misc

SITUATION

Appliance Repair - Individual Chapter 13 debtor at end of plan needing reconciliation of mortgage and related amounts paid.

SOLUTION

Newpoint was asked to prepare reconciliations of mortgage and related amounts paid.

RESULTS

Newpoint did reconciliation and provided results to debtor and debtor's counsel providing clarity for stakeholders.

MONEY RETURNED TO FINANCER


$K

Case 052 - 20-Day Proactive Assessment™ TAME™

Location : Illinois | Industry : Manufacturing

SITUATION

Maker of commercial bags for hauling "bulk items". Company had losses stemming from market competition and pricing pressure.

SOLUTION

Newpoint Advisors Corporation was asked to only provide an assessment (TAME™) for a turnaround plan. Newpoint deployed its 20-Day Proactive Assessment and was able to make a handful of suggestions, including senior management’s need to get rid of some of its distractions that was keeping its focus from the business.

RESULTS

Management ultimately accepted the recommendations, made the changes, and reported greatly improved profitability.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 051 - Cash Flow Coach™

Location : Georgia | Industry : Retail

SITUATION

Small online retailer for dog products selling through Amazon. Amazon made a shift in its processing and they lost volume. They were financing the company through credit cards and fell behind. Without the credit cards, they could not continue to run the business. Newpoint Advisors Corporation was asked to assist in negotiations with credit card company.

SOLUTION

Client was unable to stay with the program.

RESULTS

Newpoint Advisors Corporation resigned, and the company folded.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 030 - 20-Day Proactive Assessment™

Location : Georgia | Industry : Staffing

SITUATION

Newpoint Advisors Corporation was asked to assess the viability of this staffing company.

SOLUTION

Newpoint uncovered fraud and attempted to work with the finance company to repatriate its capital while the company tried to raise new capital.

RESULTS

The financier was able to recover 98% of its capital.

MONEY RETURNED TO FINANCER


$MM

Case 029 - Cash Flow Coach™

Location : Tennessee | Industry : Construction

SITUATION

Simple, small home construction company. Had cash flow issues around growth that is was not able to manage.

SOLUTION

Newpoint was brought in to do a cash flow assessment.

RESULTS

Newpoint completed a cash flow model for the client providing clarity for overcoming working capital issues.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 028 - ABC Interim Management

Location : Illinois | Industry : Retail

SITUATION

Internet retailer who was dealing with litigation between owners while also managing a decline in the top line as a result of the Amazon phenomenon.

SOLUTION

Newpoint Advisors Corporation assumed the role of Interim Management, brought in new management to work on the top line, while attempting to clear excess inventory and asset management in data gathering around the lawsuit. Ultimately, industry trends proved to be too strong and the company needed to liquidate.

RESULTS

Company ultimately had to go out of business and was placed in an Assignment for the Benefit of Creditors.

MONEY RETURNED TO FINANCER


$K

Case 027 - Cash Flow Launcher™

Location : Illinois | Industry : Construction

SITUATION

Company was asked to review the cash flow plans for this Home contractor subcontractor, and it was determined that the owner lacked operational control of his business.

SOLUTION

Newpoint Advisors Corporation deployed its Cash Flow Launcher™ - Balance program to look deep into this company without spending a lot on the assessment. Newpoint determined the company needed equity and worked with the owner to sell the business.

RESULTS

Owner was able to sell the business and pay off the bank.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 026 - TAME™

Location : Alabama | Industry : Automotive

SITUATION

This case was a towing and car repair service. While the operator was very good, he was unable to train or retain staff in either business.

SOLUTION

Newpoint Advisors Corporation came up with several recommendations, including simplifying the business.

RESULTS

Owner was able to pay his debts and simplify his business by selling the towing business and staying with the car repair business.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 025 - Liquidation

Location : Illinois | Industry : Automotive Engineering

SITUATION

Engineering company that developed powder coat paint systems for consumer goods in automotive parts. The company's receivables were extended too far due to a project that failed and the company did not cut costs soon enough when cash ran low.

SOLUTION

Newpoint Advisors Corporation was asked to refinance the company, however the company was too far gone for refinancing.

RESULTS

Newpoint Advisors Corporation assisted in the sale of the business, which was a success.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 023 - TAME™

Location : Illinois | Industry : Manufacturing

SITUATION

The custom converter company made used foam blocks (cut-to-form) for various retail products. They lost money because they had too much inventory at old prices and because of changes in commodity prices which had collapsed in the market.

SOLUTION

Newpoint Advisors Corporation was asked to come up with a better business plan for the company to survive the downturn in its industry.

RESULTS

Management reduced some inventory and engaged in modest cost reductions as a result of our recommendations. Management was unable to come up with a plan for additional sales (to reduce existing inventory). They were able to continue with their bank, but historical profitability did not return as a result of their half-measures.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 021 - Turnaround

Location : Florida | Industry : Importer

SITUATION

B2B Importer company was distributor of wheel parts for tractor trucks. Company had missed forecast and sales volume was dropping and began losing money. They got to those surprises by having AR that was being written off (previously thought to be good receivables). Trust was out the door for the bank.

SOLUTION

Newpoint Advisors Corporation was asked to validate and improve managements forecasting ability. Newpoint Advisors Corporation was able to do that successfully with the management team, leading them to sell the business.

RESULTS

Business was sold successfully with a positive outcome.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 020 - Turnaround

Location : Iowa | Industry : Fabrication

SITUATION

Metal fabrication company was struggling with profitability and although the company was growing, it was still losing money. Due to a poor operating and accounting system, management had no way to measure its results rendering the cost structure inoperable. It was also partially stalled because it is a union-based company.

SOLUTION

Newpoint Advisors Corporation got the company to make price adjustments and raise prices to increase margin. Newpoint was also able to give the client a recipe for building metrics to improve operations.

RESULTS

Company was able to raise profits on some products and exit unprofitable businesses lines.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 019 - Sale

Location : Wisconsin | Industry : Manufacturing

SITUATION

Plastic injection molder in the bottle cap industry that had recently lost a significant customer due to its own bankruptcy. Management was made up of strong dye makers who never transitioned into understanding business.

SOLUTION

Newpoint Advisors Corporation was hired as condition of the Chapter 11 confirmation plan to assist management with its previously agreed-to plan. Newpoint had no part in putting that plan together

RESULTS

We immediately determined that the plan was flawed but the stakeholders did not want to go through another bankruptcy. Newpoint managed the operations of the Company and cut costs until it could be sold. Company was sold 11 months later in a successful multi-party auction.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 018 - Liquidation

Location : Illinois | Industry : Misc

SITUATION

Company who Newpoint had been referred to before but had been unsuccessful at meeting management. Previous consultants had been involved with Company on two occasions. Newpoint Advisors Corporation became the receiver for the company as assets were being sold (this was a previously established deal). Newpoint Advisors Corporation was to use the structured settlement from the sales and manage disbursements to the stakeholders - including negotiations with the IRS. Company's industry had changed dramatically in recent years and these changes had brought forth litigation. Newpoint Advisors Corporation managed over 60 lawsuits that had been filed against the company based on regulatory changes.

SOLUTION

Newpoint Advisors Corporation managed the litigation process to reduce the cost to increase the payout to the stakeholders.

RESULTS

Reduction in IRS claims and significant reduction in lawsuit claims to provide improved payout to stakeholders, as opposed to zero.

MONEY RETURNED TO FINANCER


$MM

Case 017 - Turnaround

Location : Illinois | Industry : Software

SITUATION

Small B2B software company, $2MM - big ambitions, but was losing money.

SOLUTION

Newpoint was able to go through an assessment process and show them where they were weak.

RESULTS

Management took recommendations and fixed the company and profitability. Saved in 14 days.

JOBS SAVED


MONEY RETURNED TO FINANCER


$K

Case 016 - Turnaround

Location : Illinois | Industry : Aerospace/Defense

SITUATION

Department of defense supplier for helicopter parts. Company fell behind on its deliveries with its customers (Tier 1 suppliers to Dept. of Defense). The bank became concerned and pulled the line of credit.

SOLUTION

Newpoint Advisors Corporation was asked to find a way to make deliveries and fix the Company’s operational issues. Customer's supported a turnaround plan that got the production schedule back on track within four weeks.

RESULTS

Within 60 days Newpoint had resolved the backlog and the Company was making a significant amount of profit. At this point, the customers’ demands were resolved, and the bank returned.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 010 - Refinance

Location : Illinois | Industry : Importer

SITUATION

This CPG Importer sold Christmas light testers. The Bank was concerned about Company profitability because of hyper seasonality combined with the fact that hadn't sold as much inventory as they had planned.

SOLUTION

Newpoint Advisors Corporation was asked to set up a cash flow model with management that showed the situation was not fatal and that the management team was good enough to manage through.

RESULTS

The banker continued to lend to company into the next season

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 009 - Refinance

Location : Illinois | Industry : Software

SITUATION

The ownership of this employee training software company had semi-retired and provided a new management team with complete freedom to run the company. New management had taken advantage of owner condition and had establish compensation for management that was far above its contribution.

SOLUTION

Newpoint Advisors Corporation was asked to help ownership re-organize management, fix the compensation structures, and set the Company on a path for growth.

RESULTS

New management was able to grow the company and ownership was able sell the business several years later for a very high return.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 008 - 20-Day Proactive Assessment™ TAME™

Location : Texas | Industry : Manufacturing

SITUATION

Highly leveraged private equity owned fiber glass manufacturing company where the owners had upset the bank (due to lack of guarantee on loans). Company was losing money due to being caught in price war with other competitors. Prior to Newpoint Advisors Corporation arrival, Company had set up new facility in Mexico, which it had never visited. Mistakes were made during the construction process that drained financial resources.

SOLUTION

20-Day Proactive Assessment that showed they were weak on working capital management. They had too much inventory, slow to collect on AR, and AP was being paid too fast/without planning. Newpoint Advisors Corporation was able to clean all of that up and gave management better working cash flow through cash flow management and help management find the right price increases and execute them.

RESULTS

Company stayed alive long enough to sell the weaker divisions and become very profitable with less revenue.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 006 - Turnaround

Location : California | Industry : Staffing

SITUATION

Company that owed the IRS millions of dollars and was unprofitable

SOLUTION

Newpoint Advisors Corporation helped the company reduce costs and find a financing source to help with liquidity in conjunction with Tax-Guard, who lead IRS negotiations.

RESULTS

Company was successfully refinanced, and IRS installment agreement put into place.

JOBS SAVED


Case 005 - Turnaround

Location : Indiana | Industry : Staffing

SITUATION

Newpoint Advisors Corporation was called in by factoring company to take on the CRO role while the company was sold. Company has millions of dollars in back taxes related to payroll.

SOLUTION

Newpoint Advisors Corporation found a way to consolidate critical aspects of operations and help facilitate a price increase resulting in the company’s most profitable year.

RESULTS

Owner went from owing IRS millions of dollars at sale, to paying off the taxes (in conjunction with Tax-Guard) and selling the business for millions of dollars - which he was able to keep.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM

Case 004 - Extreme Accounting

Location : Illinois | Industry : Healthcare

SITUATION

Hired to help the underperforming Client merge with another doctor so that the company could increase volume and become profitable. Newpoint helped the owners negotiate several different term sheets which led to the doctor becoming an employee but not an investor.

SOLUTION

Because of no investment, the company needed more financial advisory. In the meantime, the company's bookkeeper quit, and Newpoint Advisors Corporation was able to provide the bookkeeping services in addition to CFO skills. This helped the company avoid a liquidity crisis.

RESULTS

Company became profitable and remain independent with good relationship with lender.

JOBS SAVED


Case 001 - Sale

Location : Indiana | Industry : Manufacturing

SITUATION

Case 001 – Indiana - Off Road Manufacturing - Sale Company had multiple years of loss. Lender knew they were going to lose money and they needed to exit. Company had two divisions that needed to be sold.

SOLUTION

Newpoint hired as a receiver, while investment banker sold 1st division. Customers provided liquid during sale. Investment banker abandoned the 2nd division sale (deemed too small to deal with) while Newpoint continued with the process.

RESULTS

Newpoint sold 2nd division, saving more jobs and providing the bank 2 times the recovery on 2nd division.

JOBS SAVED


MONEY RETURNED TO FINANCER


$MM