Despite their best intentions specialist accounting, legal, insolvency practitioners and other sole focus firms are not what's needed for a complete and successful business turnaround. We are in the business of saving businesses by working with and for owners. Our team have a diverse range of skills and experience applied to a robust turnaround process.
We specialise in successful workouts, strategic planning and operational restructuring to turnaround, then grow a business.
We are in the business of saving businesses. We work directly with and for owners to rescue, restructure and then revitalise their businesses.
We also work with banks, asset based lenders, private equity bringing a different perspective to funding and restructuring business turnarounds to prevent failure.
Our objective is to protect and preserve business value for all stakeholders, so working constructively with the accounting and legal community as part of our process.
A successful 'Business Turnaround' process will require additional resources, like funding and people. Our consultant team have specialties that are drawn on as and when required.
Strategy & Tactics
Underlying each stage of the turnaround process will be a strategic plan
and implementation tactics. Initially it's a short term plan; surviving
the crisis. However our team quickly develop medium and longer term strategies as the situation settles.
As soon as any immediate crisis
is under control, we'll do a thorough review of the cost structure to
determine true profit or loss on the current sales. We establish a fixed
& variable cost base for the business that is ahead of any
declining or cyclical sales trend. Often changing the method of doing
business may convert fixed costs to variable making profits are more
reliable.
Then the future we’ll set a pre-tax profit target that’s appropriate
and rebuild the budget to achieve this. Once the strategy is agreed,
then implementation can be achieved quickly.
Loyal customers will want
the business to survive too. We’ll implement some low cost fast sales
strategies to sell more to your customers and find some new ones for
your products. In time this will flow into a wider strategic marketing
plan.
People & Teamwork
Retaining key employee knowledge and
skills is critical to both short-term survival and long-term strategic
advantage. Good employees will know a business is in trouble and may be
jumping ship. Initially they will be excited that fresh eyes are on
board and stay on to give turnaround management a fair go to lead
change.
Over time (irrespective of position) those unable or unwilling to
embrace the new direction and higher level of performance are likely to
become disenchanted. Often these people don’t survive the turnaround.
Transitioning staff and retaining skills is difficult, but essential. We have access to good people and efficient staff systems.
Getting the right people in place, empowered to do the right things at the right time will create the team to make your business turnaround successful in any environment.
Business Funding
Most likely cash will be
an immediate issue. Setting ground rules on what and who gets paid is
the starting point. There’s likely to be more cash available with a few
changes to the way the business operates.
We will take a lead on restructuring existing finance or putting in
an interim finance package should it be required. Later we may recommend
a financial restructure that better suits the business future..
Optimising Performance
Increasing profitability and business value is driven by ensuring every component of its value chain is performing well. A culture of 'continuous improvement', focus on profitability and return on equity should develop.
Our team help this by analysing the business using proven tools that assist understanding and speed change to become more efficient.
Managing Insolvency
Unfortunately not all businesses, or all divisions of the business will or should survive. External creditors, lenders and the Tax Office may be imposing their legal rights to recover debts. Strategically and tactically it may be better to exit the company.
The insolvency process imposes added stress on owners and it distracts them from rebuilding. Our insolvency specialists help by devising strategies, managing the insolvency process and dealing with all its legal obligations.
Proactive management best preserves business value for all stakeholders.
Exit Planning
After a successful turnaround you may have no
intention of getting out soon. By making sure your business is always
ready for exit, means your focus stays on maximizing its value and
ensuring you can always d things on your terms.
A growing business offers you better and more choice. We will help
you identify an exit goal that works for you and help you navigate the
business towards it.
A 'Financial Crisis' usually means, there's 'No Cash', or least there's not enough coming in to meet the current business needs. When this sort of trouble is around it affects all people involved, 
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