Turnaround
Turnaround is a process (but not a formal insolvency process) dedicated to corporate renewal when firms are on the brink of failure. It uses different types of analysis to determine a company’s failings (such as management review and also root cause and SWOT analysis). This is followed by the development of strategic and restructuring plans designed to restore performance and profitability.
The techniques typically needed for turnaround include retrenchment, repositioning, replacement and renewal. Advice on these techniques, in addition to working closely with contacts in corporate finance and professional services firms will ensure access to a full range of services required for the turnaround process.
