Ilya Gnoensky

Business Address: Stolyarnyy pereulok., 3/18, Moscow, Russia

Phone:  (US)  1 312 288-8443 

Phone: (Russia) 7 916 602-4227

Email: ilya.gnoensky@gmail.com

Skype: Ilya.L.G

         

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results

examples of client results

 
 

AUTOMOTIVE

Automobile Parts Manufacturer, Chicago, US

GROWING DEBT, SHRINKING REVENUES

Client 

An auto parts manufacturer and a supplier of OEM components for the automotive industry worldwide with core capabilities in fine blanking, conventional stamping, and plastic injection molding 

Challenges

The Company was overleveraged with debt when sales dropped by 30%, which created negative cash flows, insolvent balance sheet, and an over-advance position with its lender

Approach

Implemented price increases, introduced cash savings initiatives, originated vendor management programs, discovered opportunities for improvements in direct labor efficiencies, and established cash flow administration procedures 

Results 

Restructuring resulted in return to profitability, debt consolidation and refinancing with lower interest rate

TRUCKING & LOGISTICS

Distributor of fast food products, Wisconsin, US

Identified unprofitable customers and optimized routes of a $200 million food transportation provider. After restructuring and implementing cost reductions, the remaining core business returned to profitability and was sold to a competitor.  The company’s secured debt was paid in full and the owner’s personal guarantee was released

LAWN AND GARDEN

Manufacturer of sprinklers, Illinois, US

 Developed and implemented a turnaround plan for a manufacturer of lawn and garden products, suffering losses of $2.3 million annually. Engineered a turnaround that resulted in securing a new $8 million line of credit, reaching profitability and a sale of a business to a strategic buyer (Robert Bosch)

OIL & GAS SERVICES

Geophysical data processing and interpretation, Moscow, Russia

Served as a CFO of a geophysical company.  Assumed full responsibility for crisis management and turnaround initiatives. Successfully implemented revenue-enhancing, cost-cutting, and process-optimization initiatives. Successfully negotiated with the largest creditors and restructured the long–term debt 

FOOD PROCESSING & PACKAGING

Meat packing plant, Voronezh, Russia

A producer of meat products had a cash loss of 17% of revenues, which caused it to ramp-up bank and vendor liabilities. A short «full immersion» engagement led to identification of unprofitable segments of Company’s product line.  An emergency financial and operational plan of exit from unprofitable segments was formulated.  The restructured entity was able to break-even on cash basis

HEALTHCARE

Nursing homes, California, US

 A $170 million provider of skilled nursing care with 20 locations was losing $2 million per month and had no funds to provide adequate patient care.  Implemented restructuring plan led to a shutdown of non-performing locations, refinancing of the business, and a sale of various locations to strong regional market strategic players

MACHINERY AND EQUIPMENT 

Manufacturer of cargo trailers, Indiana, US

 Served as an interim Chief Financial Officer for an $80 million manufacturer of cargo trailers. Discovered financial fraud perpetrated by company’s former CFO. Restructured operations and successfully sold the business to a private equity player, Sun Capital Partners. The secured lender was repaid in full

ADVERTISING & MARKETING SERVICES

Provider of customer loyalty programs, Moscow, Russia

A provider of marketing services was in severe short-term liquidity crisis, was operating inefficiently, and was unprofitable. A realistic financial and a business plans was created.  Short-term liquidity issues were resolved as new financing was secured.  A complete overhaul of operational and financial reporting led to optimization of all business processes and margin improvements.