Business Turnaround Specialists
Business turnaround and advisory services
If your business is experiencing financial difficulties, obtaining advice from a licensed Insolvency Practitioner at the earliest stage is essential if you wish to give your business the best chance of being turned around.
What is business turnaround?
Business turnaround is the process of avoiding failure or stabilising a struggling business and making changes that lead to sustained improvements and regrowth.
Recognising the signs early and facing these head on is the first step to recovery. Early warning signs could be any of the following:
What is a turnaround strategy in business?
In a turnaround strategy, directors’ duties shift from all stakeholders to creditors. Directors need to be aware of company and insolvency legislation and how these laws impact on both the company and them personally. Obtaining expert advice from a licensed Insolvency Practitioner is therefore strongly recommended.
The main aim of business turnaround is to quickly remove the risk of the company going into a formal insolvency process and restore the company to normal business.
Why use us as your business turnaround specialists?
Approved Recovery will consider all options available and help you determine the best way forward. Our team has been assisting small companies for a combined 49 years, so we are confident that we have the expertise you need.
We will support management allowing them to focus on the day-to-day running of the business and help manage any problematic stakeholder and creditor relationships. We also have long standing relationships with other experts such as solicitors and agents, so we’ve got you covered.