Testimonial

Client:   Marpet Enterprises, Inc., Danvers, MA

Focus:   Workout / Control Systems

Historical Perspective:

Marpet, a $2 million manufacturer of die attachment  and bonding equipment for the semi-conductor industry, was losing in excess of $400,000 per year. In addition, significant withholding monies were due the IRS, unemployment monies were due the state, and the bank was ready to call its loan. Robert Ryan Management Consultancy (RRMC) was called.

After extensive meetings and negotiations, all parties agreed to “win-win” payment plans. RRMC instituted deep overhead reductions and implemented meaningful control systems throughout Marpet’s operations. Within six months, the company returned to break-even and turned profitable the following year.

Current Status:

Marpet expects to realize net income in excess of $1 million this calendar year. Because of profits attained over the last several years, it now has no indebtedness and will not require any external financing to support its current sales and income plan.

“Bob came on-site and quickly organized the issues in a manner that made them manageable. He not only found the problems but offered multiple solutions to each of them. He dealt directly with the IRS, Mass DOR and DET. He formulated multiple payment plans for the tax issues and also found innovative ways to reduce the liability.

Bob worked at Marpet like a partner rather than an outside consultant. He helped take an unmanageable situation and turn it into a profitable company.”

– Marty Rubinstein, President, Marpet Enterprises, Inc.