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The Vision Made a Reality
by President and Founder, Roderick Lloyd

The Vision
12 years ago, I had a vision to offer a rapid and focused turnaround service with a 100% results based fee structure. At that time and at this time, the major turnaround consulting firms will take1-2 years to complete an engagement and they will charge for their advice and not their results. I developed and engineered this new concept and for over 10 years now we have established an outstanding reputation for consistently meeting our clients’ goals and in less than half the time of the traditional turnaround process. The key: focusing exclusively and uniquely on the resolution of corporate liabilities.

The ‘Turnaround’ Industry
No other firm in the nation operates on this basis for two reasons:

  1. They are generally larger firms with a high overhead which they expect their clients to absorb irrespective of the results obtained.
  2. These firms simply do not have the success ratio on assignments to support a 100% results based fee structure. They tend to have an extended reporting structure and an established longer term process that denies them the speed and flexibility essential to focus on the pressing priorities which are essential to ensure a quick and successful outcome, and, sometimes even the very survival of the company.

The LBT Approach
LBT is the only firm that operates on this basis because:

  1. Our team is rewarded on results obtained i.e. A low overhead.
  2. Our track record is second to none, with over 90% of our assignments being successfully concluded.
  3. We only accept a limited number of engagements each year and we carefully select our engagements to ensure that we can continue to offer this service on these terms.

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We do not charge for advice, we only charge for results; so uniquely, our expert and his team are at your disposal at our expense. While we carry a ‘floating’ retainer for the term of our engagement, retainers paid are deducted 100% from success fees payable on the completion of each assignment.

I am constantly surprised by the number of companies that continue to pay large seven figure consultancy fees for advice without any assurance of the outcome. One of our clients, before coming to us, had paid over $70m in professional fees, without any tangible results, other than leading the company straight into a Chapter 11 bankruptcy and, of course, more fees. In another engagement, our client had previously used the services of a top, New York based Turnaround Consultancy, only to find 12 months later that the priority issues had not been addressed, leaving the company no alternative other than to file for Bankruptcy protection. Subsequently, we were retained and we were able to save this public company and put it back on its feet inside their 45 day deadline. It is results like this which have given my firm the reputation as the ‘Red Adair’ of the turnaround industry

I look forward to working with you to achieve your financial goals as quickly as possible.

Kindest Regards

Roderick J. Lloyd
President
 

Debt Restructuring   .   Bankruptcy   .   Business Debt Consolidation   .   Corporate Debt

 
   
 
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LLOYD, BENTON & TAYLOR, LLC
110 E. Broward Blvd., Suite 1700, 17th Flr., Ft. Lauderdale, FL 33301
Tel: 1.800.256.0966 or 954.315.3867   -   Fax: 954.315.3899

Lloyd Benton & Taylor, LLC is not a law firm nor does it provide legal advice. Suitable legal counsel can be arranged if required.

 Copyright 2003-2004  -  PaperStreet Web Design - Fort Lauderdale Web Design

Fort Lauderdale - 10-29-07
Lloyd, Benton & Taylor, LLC (Investment Division) announces its Commercial Real Estate Acquisition & Development Program. President, Roderick Lloyd, comments: "I see this addition as a very good fit for those companies that are in any mode of reorganization or restructuring, as well as businesses that are growing and seeking to expand into larger more suitable premises."

09-13-07 Bankruptcies
A huge 50% increase in Business Bankruptcies was recorded for the first 6 months of 2007, when compared with same period last year. The total corporate filings for the first half of 2007 were 11,563.

 

08-21-2007 Financial job cuts soar on housing woes
A deepening U.S. housing slump has caused an alarming surge in job losses at U.S. financial services companies, and the end is nowhere in sight, consulting firm Challenger, Gray & Christmas Inc. said on Tuesday.

10/01/04 – Bankruptcies
The year 2003 showed a small improvement with 35,057 filings. However, the figures for the first half of 2004 already record 18,815 businesses filing for Bankruptcy protection – an increase on the same period for the previous year.

8/01/04 - Presidential Appointment.
Roderick Lloyd has been nominated to the Presidential Business Commission. Click here for more.

7/26/04 - Exide Technologies: Blackstone Asks US Bankruptcy Court for $9.3 Million Final Fees
The Exide Technologies Debtors employed The Blackstone Group, LP, to provide financial advisory services in connection with a possible restructuring of certain of their liabilities.

Our approach to the turnaround process at Lloyd, Benton & Taylor is in sharp contrast, we do not charge for advice, we only charge for results! [Visit LBT Home Page / 90 day debt restructuring on 100% success fees]

4/30/04 - Presidential Business Commission Selection
NRCC Chairman Tom Reynolds announced today that Roderick Lloyd of Fort Lauderdale has been selected to represent the State of Florida on the new Presidential Business Commission.
View PDF Press Release
View HTML Press Release

11/4/03 - Job Eliminations
Following our own 10/3/03 press release on the subject of 'Layoffs', Chicago based recruiters Challenger, Gray & Christmas, Inc., reported yesterday that in October companies announced plans to eliminate 171,874 positions, more than double the announced September layoffs of 76,506. Hardest hit were the automotive industry, who planned to eliminate 28,363 jobs, followed by the retail sector with 21,169 losses and the telecommunications industry which plans to slash another 21,030 jobs. Of even greater concern was a poll recently conducted by Challenger which showed that 78% of the nation's human resources executives did not expect to see a significant upturn in hiring until the second quarter of 2004. 11% of those polled said that there would be no rebound in hiring at all in 2004!

10/3/03 - LBT Press Release
Florida Firm Offers Troubled Businesses an Alternative to Layoffs Fort Lauderdale, Florida, October 3, 2003. Click here for more.

9/6/03 - The New York Times
Job Losses Mount
The Labor Department announced yesterday that 93,000 jobs were lost in August - more than double the 44,000 jobs lost in July. Not since World War II has employment failed to grow for so long a period even with the help of a recovering domestic product. Compare this figure with our 7/3/03 posting below.


8/18/03 - Bankruptcies
The American Bankruptcy Institute reports today that personal bankruptcies have surged over the last year, with more Americans filing for protection than ever before, up from 1.4 million for the year to June 30, 2002 to 1.6 million for 2003. A total of 440,257 bankruptcy petitions were filed between April and June this year, surpassing 2003's first quarter all time record of 412,968. The record shows that the culprit is excessive debt based consumer spending. While at the same time, we hear that consumer spending is reckoned to be the 'engine' of the economy leading us out of recession?


7/03/03 Washington DC - Economic Figures
June Unemployment Rate Highest in 9 Years
The Labor Department reported today that businesses slashed 30,000 jobs last month. The economic slump has now cost nearly a million jobs in just the last three months. This has caused the nation's unemployment rate to soar to 6.4%, the highest level in more than 9 years.


6/26/03 - Job Market Worst Since Early 1990's.
The June 2003 survey by Manpower reveals that three out of four employers expect to cut jobs or hold off on hiring this summer, contributing to the worst employment market since the early 1990's.


6/26/03 - Fed Lowers Interest Rate
The Federal Reserve has decided to cut its benchmark interest rate by a-quarter of one percent. The move means that the Fed funds rate goes down to its lowest level since 1958.The Fed says the economy has yet to show sustainable growth - on the contrary there is now a real danger that the present economic weakness could trigger a destabilizing fall in prices. There is also the fear that ultra-low interest rates may encourage consumers and businesses to take on debt that will prove difficult to repay when rates rise. It seems that the 1930's economy may have crept up on us. A further 1/2% drop and rates would match those prevailing in 1929/30. If history is any guideline, by 1933 the prime rate had plunged to 1.5%!


05/07/03 - Lead Story in Wall Street Journal, New York Times and Washington Post
Fed fears falling prices and expresses concern over deflation. This statement is almost a 180 degree turn from the Fed's position just two months ago, do they really know where we are heading?


4/10/03 - Press Release Business Roundtable (BRT) Economic Outlook Survey
BRT, comprising America’s leading CEOs, released their survey today on the prospects for the next six months. It reveals a weak economic outlook and a continuingly pessimistic trend. The major concerns were:
• Only 9% of US Companies anticipated hiring new employees whereas 45% were planning layoffs.
• “Ample Capacity” coupled with excess inventory is causing a collapse in business spending – 27% of companies polled will be reducing their investment spending over the next six months.
• Projected quarterly earnings are at their lowest levels for two years.
• Declining consumer confidence coupled with rising costs are cited as the main culprits.