Restructuring – The hardest decision a business owner ever has to make
Dealing with a significant event or downturn in your business is one of the most complex challenges a business can face. We work with the management team to develop a strategy to protect the future of the business and then help them implement it.
The current Covid-19 pandemic will make this a situation that many businesses will have to face.
Even businesses that were successful and profitable before this will have significant challenges as they find that demand for their or products and services has reduced, a large number of businesses are facing around a 30% drop in their order book.
The key strategic issue that most companies struggle with is how to reduce the size of their business while maintaining the skills they need within the business.
As we come from a business management and operations background, we have the skills and experience to develop the operational plan, which is just as critical as the profit and cash forecasts.
We have delivered many successful restructuring and turnaround projects in businesses ranging in size from £1M to £100M turnover across very different industry sectors.