Armory Consulting Company

Selected Case Studies

Below are a sampling of case studies representing a breadth of disciplines, from unsecured creditors committees to management consulting:

CRO/CFO/Assignee

Retained by the Board of Directors initially as the CRO/CFO
Assessed four-wall profitability analysis, lease analyses, reduction in force, and asset rationalization
Designated assignee to coordinate an orderly assignment for benefit of creditors
News Link: L.A. Times - Kitson, boutique for young starlets, is closing all 17 stores

Unsecured Creditors Committee's Financial Advisor

Represented creditors of dual estates with over $1 billion in liabilities relating to residential homebuilding and land development businesses.
Conducted due diligence on the homebuilding entity and over 100 affiliated SPEs.
Negotiated term sheet and oversaw preparation of the financial schedules for the plan of reorganization.
Advisor to the Plan Agent post-confirmation.
News Link: The Sacramento Bee - Homebuilder John Reynen owes banks $972,509,864.00

Debtor's Chief Restructuring Officer

Represented the company through its chapter 11 bankruptcy proceedings, including preparing financial pro formas, developing financial schedules for the disclosure statement, and worked with management to develop a post-effective date business plan.
Successfully sold business, while keeping management and employees intact.
Successfully confirmed the plan of reorganization.

Acquirer's Financial Advisor

Retained to prepare business plan for acquirer of this Hawaii- based $35M revenue retail gift shop chain in bankruptcy.
Conducted due diligence for the target company.
Prepared business plan for submission to acquirer's lenders.
Client successfully acquired the assets in a 363 sale.

Court-Appointed Receiver

Paid down all bona fide debts through managing the business operations.
Decreased overhead costs by over 60% by reducing unproductive staffing and office unit.
Consolidated warehouse locations by one-third, and initiated program to sell-through bloated inventory.

Business Advisor to the Company

Prepared business plan, feasibility study and due diligence for this trucking industry focused start-up company.
Won the Clean Technology Organization's regional business plan competition in the Transportation category.
Assisted in negotiating term sheets and letters of intent with business partners, and providing industry-specific expertise.

Interim Management

General manager and CFO of this $40M revenue, 300 employee truck-trailer manufacturer located in Mexico City.
Over the course of three years, increased revenues, diversified customer base, increased after-market sales, negotiated with suppliers, and rationalized manufacturing processes.
Restructured S,G&A to reduce costs, increase administrative efficiencies, and accelerate month-end closings.
Generated profits to significantly pare down debt, and produced cash flows for distribution to creditors.