Business Stabilisation
Understanding and addressing reasons for difficulties; assisting with cash management; managing working capital; supporting and managing stakeholder needs.
The need for our services will arise because of some form of crisis. It could be caused by an unexpected external event, but more usually the crisis results from a spiral of decline (initially this may go unnoticed) that eventually leads to major cash difficulties. Whilst the problems may arise from either lack of profitability or lack of funding, ultimately, major cash difficulties could arise.If you’re running a business and you find yourself in this unfortunate position, chances are you’re experiencing personal stress with this unfamiliar situation. You may also find it difficult to make decisions and probably feel considerably demotivated as well. However, we’ll provide reassurance and renewed motivation by bringing a clear and impartial view to the situation, offering sound advice, as well as cost-effective and practical solutions as to the way forward.
Our priority will be to understand fully the underlying reasons for the crisis within your business - then we’ll immediately advise you as to the short-term measures you can take to reduce the impact of the problems affecting you. Wherever possible, we’ll make recommendations designed to enhance cash-flow and generate liquidity. We’ll also take steps to help rebuild the confidence of stakeholders and deal with their needs, encouraging people to belief in the viability of your business – and creating sufficient breathing space to start the turnaround process.