Turnaround and Restructure

Turnaround involves evaluating a business, identifying any underperforming parts, and finding solutions to transform the business and address any performance issues/cost cutting measures.

The sooner a company seeks advice, the more likely it is that an achievable solution can be put in place to rectify.

Many Directors do not know the ‘break-even’ point for their business and do not spend enough time analysing their profitability margins.

This is a significant opportunity for consulting work for accountants to assist directors with:

• Options available to increase revenue or reduce general costs and expenses;
• Options available to reduce fixed overheads, such as seeking to renegotiate lease or finance arrangements or arrange exit strategies if lease or finance agreements are no longer necessary;
• Strategies which may be available to recover or realise amounts from overdue debtors or the sale of other assets, which may not be of core importance to a company’s business;
• Finance options which may be available to provide immediate cash flow; and
• Coaching them to “work on, not in” the business.
• Robust business cashflow forecast
• Identify cash and liquidity requirements
• Staffing efficiencies and realignment of roles
• Government wages subsidies under Covid 19
• Tax pooling
• Business continuity plan

Liquidation Management provides advice, support and assistance to accountants and directors in regards to turning around a company’s business so that it may trade profitably going forward.