Company Turnaround

Thinking of a Company Turnaround? What Are The Options?

Company turnaround has been described as a three stage process: Rescue, Restructure and Recovery. When we first take a call from a company looking to turnaround its fortunes, we first look and see if we can rescue it. It will be likely that when we are contacted the business has been in decline and difficulties for quite some time, and, on occasions, for years. With the credit crunch putting pressure on all businesses, we are finding that this process of failure is escalating. Usually our first task is to see if we can raise finance, and if so from where. If we can do that we will ascertain where that is best allocated. A trading fund will be essential if we are to have the time to implement phase two. At this stage we will also talk to stakeholders, such as shareholders (if different from the directors), employees, creditors and customers.

With the immediate future of the company settled, we can now turn our attention to the medium and longer term position of the business and to consolidate the company turnaround. We will review all elements of the company structure, its trading and operations, and seek efficiency savings where they may be found. Cost reductions will be a key element in producing profit which will then contribute to a secure future for the business. In addition we will investigate current and potential trading markets, assess management, and if need be take the hard decisions required to make sure that the future of the company is secure. Future financing is important and we have access to a full range of funders so that we will be able to place your requirements properly.

Once we have placed the business on a firm footing and are confident that the company turnaround has been achieved we will withdraw our service. This may not be completely, as we are happy to offer ongoing support on a consultancy basis.

Our services will be payable on a basis to be agreed, and we will agree with you how our fees are to be funded. It will not be a cheap process, but when compared to contemplating the cost of failure of the business, it will certainly be significant value for money.

If you would like to talk about a company turnaround to a specialist with 17 years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.

However, if you need help with personal debt (rather than business related debt) go to our free debt management plan application form.

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We specialise in the following:

business debt factoring
invoice discounting
business bankruptcy
business finance
company bankruptcy
voluntary arrangement

pre pack administration

voluntary liquidation
business liquidation
wrongful trading
business insolvency
business rescue
business turnaround

pre pack liquidation

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