Turn­around spe­cial­ist

The Daily Courier - - BUSINESS -

In 2012, while Reece Tom­lin­son was ma­jor­ity owner and pres­i­dent of M&L Con­struc­tion in Winnipeg, two cus­tomers didn’t pay their bills to­talling $13 mil­lion.

“That rep­re­sented 40 per cent of our busi­ness that year,” said Tom­lin­son, who now lives and works in Kelowna.

“It was a hor­ri­ble sit­u­a­tion. There were law­suits and the com­pany went into re­ceiver­ship.”

If there was one good thing to come from the mess, it was that Tom­lin­son learned les­sons.

“As a re­sult, I started to get calls ask­ing what to do and what not to do, to be suc­cess­ful,” he said.

“I re­al­ized this was a real op­por­tu­nity to help oth­ers.”

So, Tom­lin­son used his ini­tials and founded RWT Growth, a con­sult­ing firm that helps busi­nesses and en­trepreneurs get out of sticky sit­u­a­tions.

That gen­er­ally means re­fi­nanc­ing, debt re­struc­tur­ing, op­er­a­tional re­struc­tur­ing, prod­uct and ser­vices re­fin­ing and repric­ing and lead­er­ship coach­ing.

Ba­si­cally, any­thing and ev­ery­thing that has to be done to in­crease cash flow.

Of the 30 com­pa­nies he’s helped out so far, 95 per cent are on their way to suc­cess.

“Yes, you can call me a turn­around spe­cial­ist, be­cause that’s what we do – help busi­nesses turn the tide from fail­ure to suc­cess,” said Tom­lin­son.

As a cer­ti­fied pro­fes­sional ac­coun­tant and MBA, Tom­lin­son’s ex­per­tise is ap­pli­ca­ble to vir­tu­ally any in­dus­try, which is why his

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