Turnaround Specialists for Distressed Projects
Internationally, Genco has earned a reputation as the 'Red Adair' and 'Nick Sloane' of projects and business.
Project Recovery is the turnaround of cost-and schedule-distressed projects.
Commercial Recovery is the turnaround of distressed businesses.
With a track record of 60+ successful recoveries since 2006, our reputation in this business speaks for itself.
Nearly all of Genco's entire project history is recovery-based, ranging from USD$100K to USD$200M.
Often misinterpreted, Genco recovery specialists are not traditional receivers or administrators.
Genco operates in the interests of the project or business owner, where our mission is project recovery, and growth based; it is not administrative salvage-based.
Genco is normally the last intervention that takes the pragmatic, swift and decisive action necessary to prevent external statutory based administration, or project step-in rights being invoked.
Universally and internationally, Genco success in Project Recovery succinctly comes down to this:
- Business owner mindset, time is money and hours count.
- Entrepreneurial drive and commercial focus
- Strong project estimating and valuation experience
- Strong trade trained construction experience
- Strong procurement connectivity
- Strong and factual/realistic planning and reporting
- Driving the recovery firmly from site, not soft from a city office.
- Taking required action when action is required
- Running a cohesive and effective project team
The Academic vs. The Operator
Project and Commercial Recovery is most frequently as a result of:
- Inadequate and inexperienced project planning, scoping, scheduling, and costing.
- Coupled with inexperienced and ineffective project management and construction oversight.
- Then compounded with non-factual or sanitised reporting.
The reality of Project Recovery
In high-stakes recovery situations, prestigious tertiary credentials, and academic titles are never enough. While field construction is normally regarded as a rough and gritty business, it is ultimately where projects succeed or fail financially.
"Projects are so often run by admirals who have never been to sea." — DS
"If you think it is expensive to hire a professional, try hiring an amateur." — Red Adair
"To everyone else everything appears to be impossible, then it is done." — Nick Sloane
Genco's recovery experience foundation:
- Business startup, development and ownership over 55+ years.
- International business experience across 30+ countries.
- Deployment to developing and war-torn countries.
- Trade training across multiple industries.
- Years of site construction 'seatime'.
- Years of maritime seatime.
- Directorship of private, public and SOEs including utilities.
- Managing personnel numbers up to 1800.
- Experience with trade unions.
- Operating at the level of CEO and Chairman.
- Advisory to industry and government.
- Recoveries of SMEs through to ASX/NZX/LSE listed companies.
- Volunteer BMNZ mentorship 14+ years.
