Great Expectations

Abstract

When Quest Turnaround Advisors was retained by the official Committee of Unsecured Creditors to maximize the value of the troubled assets of NTL Incorporated, they didn't fully realize the situation that lay ahead and neither did their creditors. With 92 subsidiaries, 18 companies, in 10 countries, it took clear cutting through a massive tangle of personnel and corporate issues before Quest principals saw the light. The creditors expected the world-and the turnaround specialists delivered. Their acclaimed effort, honored by the Turnaround Management Association with the 2004 award for the International Turnaround of the Year, provides an inside look at this challenging turnaround.