Business Recovery
At our first meeting, which is
free of charge and without obligation. Call us today. We are experienced turnaround and business
rescue managers. Our first meeting is free of charge. Business rescue: Restructuring your business to save elements General restructure Setting up again Insolvency Administration Winding Up Petitions VAT & PAYE Problems Re-banking Turnaround Management: Once the need for a turnaround has been recognised,
the first stage after triggering the turnaround is the 'turnaround
situation assessment' to determine:
•
Short-term survivability. •
Longer-term viability. •
Turnaround strategy. •
A high-level turnaround plan.
If a business case exists, the next stage is emergency
management.
The objectives of emergency management are:
•
Securing the short-term future of the business through
stabilising the distressed company. •
Laying the foundation for funding and fixing of the distressed
company by allowing a window of opportunity for turnaround plan
refinement.
The turnaround restructuring stage involves the
implementation of the turnaround plan devised during turnaround
situation assessment and refined during the emergency management stage.
Turnaround restructuring takes the form of:
•
Leadership restructuring; •
Financial restructuring; •
Strategic, organisational and operational restructuring.
Lastly, turnaround recovery entails embedding these
changes, and managing the business during its return to normality.
The recovery stage involves the embedding and
monitoring of the turnaround plan, and managing the business during its
return to normality.
Turnaround recovery is characterised by:
•
An increased emphasis on profits in addition to the earlier
emphasis on cash flow.
•
Operational efficiency improvements.
•
Building the organisation.
Typically, this is when the turnaround leader passes
on the baton to someone new to head the stabilised and restructured
company as it returns to normal.
The turnaround is completed when the company has
returned to normal on a sustainable basis.
Turnaround
Management & Business RescueEmergency management
Restructuring
Recovery
