Business turnaround services

In this section

Turnaround management

We will provide new interim management to improve performance within an underperforming business or to implement financial restructuring.

Our team will also work alongside existing management to develop a recovery plan that’s rapid, realistic and effective. We look to address the real causes of the business problem, not just the symptoms. In addition we will assist stakeholders with a managed exit.

We offer the following:

business restructuring
review and reduction in overheads
performance enhancement
interim management

Operational restructuring

We provide existing management with the support, skills and structures to revitalise business performance – starting with managing the immediate problem and finishing with improved systems, skills and structures to ensure the business does not suffer with the same problems in the future.

Types of problems

We recognise that business problems come in many different forms. These can include:

declining sales or eroded margins
management and collection of debts
suitable phasing of supplier payments
sale of non core assets including stock to generate cash
increased working capital needs requiring comprehensive cashflow forecasts

liaison with banks and other stakeholder communication
lack of adequate management controls, management information or financial information
staff issues or leadership issues

Our services include

We understand that every business problem is different – but we always adopt a common approach in the first few days of any turnaround appointment.

rapid initial assessment of cash and assets plus business dynamics, including where necessary the imposition of “emergency controls”
careful management of stakeholder expectations, including banks, major customers and major creditors
detailed review of organisational capability, including systems, processes and key individuals

support existing management in the recruitment of staff for appropriate positions
providing interim managers of appropriate experience to fill identified management voids
development of a turnaround plan and ongoing support with the implementation of the plan as appropriate.

The combination of a rigorous and objective approach, together with the flexibility to understand the unique circumstances of each business, is what ensures our high success rate.

Anatomy of a Business crisis

While we work alongside existing management and at the request of management, turnaround cases are often referred to us by banks, legal and other advisors.

Often existing management needs our help with just one specific aspect of the business where it feels particularly overwhelmed or where challenges are simply outside its experience or comfort zone. These may include:

dealing with banks to rebuild confidence after poor financial results and/or issues making repayments to outstanding borrowings.
handling a major restructuring involving redundancies
managing key supplier relationships
providing confidence and leadership when key managers have left the business suddenly.

Want to learn more about how we can help?