It’s not the same for every business, of course, but restructuring specialists have the knowledge and experience to help even the most distressed company through tough periods. Other insolvency tools available include the underused CVA (Company Voluntary Arrangement) process. This can provide the breathing space a business needs if it is under severe creditor pressure arising from either a non-recurring issue or where there is scope to restructure, given time, to return to profitability and return money to creditors later.
A lot of hard work has to go into a turnaround assignment. It can sometimes feel like an impossible task. However, we don’t apply complex models which our clients will not understand. We look at practical aspects of the business life cycle to see where cash blockages might be and can then drill into the detail of that afterwards.
Businesses can see for themselves some of the steps that can be taken by accessing our free online cash flow consultant tool, which in addition to highlighting cash flow issues also offers practical advice.