Turnaround Management describes the skill of being able to help improve the results and performance of a business. However, it is not just relevant for companies in immediate financial distress, but also to those not realizing their true potential or those with succession issues, capital issues, or shareholder issues.
A company can face financial distress as a result of several factors – market failure, changes in demand from consumers, poor management decisions, and even fiscal fraud. This presents a unique set of challenges to management to turn looming failure into sustained growth and profitability and requires specialist turnaround consultants to assist in the process.
Our approach is to tailor a program that specifically addresses the concerns and risks of the business and stakeholders, providing a more cost-effective outcome for our clients.
We do this by:
1. Assessing the company’s entire business process, objectively identifying any problems, the extent of the problems, existing issues, and potential opportunities.
2. We work with the relevant stakeholders to determine where you are and where you would like to be, we will only undertake a turnaround if we believe there is a sound underlying business to be turned around.
3. We place great importance, not only on the implementation phase, but also on the continued monitoring and review. Results are monitored regularly with reported outcomes provided to all relevant parties.
4. We treat every assignment as unique and always maintain Confidentiality and an impartial approach towards elevating the business and undertake strict levels of confidentiality.
Strategies are geared towards a company’s particular financial and market position, however, most will include the following:
Situation Analysis – development of strategies based on the company’s position and perceived future opportunities or threats;
Emergency Action Plans – short term strategies devised to maximize immediate cash flow and reduce further losses;
Business Restructuring – development and implementation of medium to long term plans to increase and sustain profitability;
Monitoring and Growth – change becomes the norm and the company’s performance is evaluated on an ongoing basis to determine whether strategies are effective.
Creditor Negotiations – introduction to and discussing with Creditors on outstanding payments and re-structure of debt and payment plans.
WE ALSO OFFER BUSINESS RESUE IF TURNAROUND INTERVENTIONS ARE TO LATE OR NOT THE CORRECT REMEDY TO OFFER PROTECTION AGAINST YOUR CREDITORS>
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