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