Turnaround and rescue
Business turnaround, rescue and restructuring.
The earlier we are involved, the more there is to work with. Where a business is fundamentally viable but under strain, there are usually more options than a director under pressure can see.
An honest business turnaround review, first
We look at cash, margin, funding, creditor pressure and the shape of the order book, and form a view on viability on a realistic basis rather than a hopeful one. That view drives everything else: business rescue is an outcome, not a procedure, and the route to it depends on what the review finds.
What a restructuring can involve
Solutions are rarely a single instrument. More often it is a combination of measures, sequenced so that each one buys room for the next.
- Renegotiating terms with key creditors and HMRC
- Cost and working-capital restructuring
- Refinancing, or an orderly sale of part of the business
- A formal arrangement with creditors where informal agreement is not achievable
And where it is not viable
Where rescue is not realistic, we will say so plainly rather than run an expensive process that only delays the outcome. Knowing that early protects value, and protects you.
Earlier advice can preserve options and value. Later advice usually cannot recover them.
Related
The most common route where a company cannot continue.
Where there is still time to change the outcome.
Breathing space while options are properly assessed.
A formal, binding agreement with creditors.
Understand where the company stands today.
An orderly close for a solvent company.
Where a creditor petitions the court to wind the company up.
Next step
You do not need to know which procedure applies before you call.
The initial conversation is confidential, free of charge, and commits you to nothing.