Frontier Natural Brands
Functioned as "Office of the President" to quickly recapture
financial stability
This $45million food manufacturing and brand marketing firm was experiencing a consistent inability to meet business plan objectives resulting in significant monthly losses, bank covenant dangers and key vendor credit holds. Leadership gaps were evident throughout the organization and the Board had lost operating performance confidence in management to achieve commitments. Working under Board level authority, The Browning Group operating team established an "Office-of-the-President" to control and navigate the company. Focus was on quickly stopping the dramatic loss position while regaining balance sheet and liquidity strength. Concurrent emphasis was on rebuilding the banking relationship, engineering a tax "claw back", reorganizing management, stabilizing and re-directing the organization, restructuring marketing/sales efforts and reversing deteriorating customer relationships. Within four months the company was brought from significant loss position to break-even status/marginal profitability. Bank relationship/confidence was restored, gross margins and liquidity were improved, accountability was restored throughout the organization and the course set for capital infusion and business rebalancing. The company ended its fiscal year with profitability, solid liquidity, a revitalized management team and business model.
