We provide hands on management, evaluation and implementation of recovery plans for businesses experiencing financial difficulty.
Any recovery plan must be based on an investigation of the financial position of a business concentrating on its balance sheet position and current and future trading plans.
We go further, helping clients to evaluate key industry, operational and managerial factors that are also contributing to short term difficulties that have the potential to become long term problems that ultimately effect the viability of the business.
It is not possible to provide an effective service by simply carrying out a desktop review of financial information. We complete our investigative work within the business, reviewing information, talking to employees and managers and forming a view on the business and its viability - a view that we are prepared to support with hard facts.
We do not simply hand over an action plan to the managers, we work with them to implement the recovery agenda, managing the turnaround of the business in hand with existing management if that is what the client requires.
A recovery situation is highly sensitive and requires careful management. We ensure that all stakeholders (be they employees or shareholders) are kept regularly updated of progress, that there is buy in and an atmosphere of trust exists throughout the organisation.
Our services include:
- Managing the reconstruction of business segments
- Managing and negotiating the sale of divisions and business segments
- Handling downsizing plans
- Implementing change plans aimed at significantly improving performance.
Turnaround requires very good man management skills, the ability to get to grips rapidly with a complex situation and quick results that gain the confidence of all stakeholders, not just employees and managers.
We provide an effective approach that is both practical and results focussed.
