Working with ailing businesses demands special skills: sound commercial judgment, pragmatism and integrity. We believe our business turnaround specialists have these skills.
First, we assess the business in difficulty by undertaking an independent business review and providing a report that combines technical detail with clear recommendations on financing options. We make these recommendations on behalf of the business’s bank or other lenders, for the company’s accountants, or for the management of the company itself.
Sometimes our business turnaround and recovery specialists’ assessments may show that although trading activity is viable, because of its weak financial position and additional funding needs, the company is unable to continue. In these circumstances our business turnaround and recovery specialists may act as receivers or administrators, often enabling the business to continue trading whilst new owners are found.
Alternatively, our partners act as liquidators, selling the company’s assets to meet creditors’ claims. But winding up a business is always the last resort. Wherever possible, we recommend ways of rescuing or restructuring the business, often helping it return to a profitable state.
The same is true of our work with individuals facing personal insolvency or bankruptcy. A speedy rescheduling of debt may be all that is needed to avert financial disaster.
The next step
If you would like to discuss our turnaround and recovery services in more detail, please contact one of our turnaround and recovery specialists at your nearest location, or complete the contact form.