Devising Recovery Strategies
A business can run into financial difficulties where quick and effective action is important for its survival. In general, each Corporate Recovery assignment can be broken down into four areas as follows:
- Identifying the problems
- Assessment of the business viability
- Devising and implementing a recovery strategy
- Monitoring a recovery strategy
In some cases, after carrying out the necessary market research it may be necessary to re-orientate the Company's products or markets. In particular, it may be necessary to consider the following:
- Entry into a new market
- Withdrawal from a new market
- Adding or deleting particular products
- Adding or deleting particular customers
- Changing the mix of products made
- Changing the mix of customers
We can call upon sector-specific knowledge. We will work closely with you, tailoring services to fit your needs. Our priority is to save failing businesses where possible and, in the event of insolvency or closure, we will work along side an insolvency practitioner to maximise value for all concerned. At all times we act discreetly.
Other Business & Strategic Development services include:
- Business Valuations
- Development of Systems for Corporate Control
- Preparation of a Business Plan
- Preparation of Financial Forecasts, Target Setting and Monitoring
- Strategic Planning
- New Business Start-Ups
