Sometimes a business needs urgent assistance to remain afloat and compete again in the future. Whether profit margins have gradually eroded and caused a long-term decline, or a key customer has suddenly been lost with an immediate impact, the journey back to profitability is a structured and methodical process that can require considerable time and expertise.
To first stabilise and then revive a business in distress, our specialist turnaround teams engage closely and act fast. The priority is to assess the current financial position and identify the immediately available options to quickly regain control of liquidity. Our analysis will enable the business critical and key issues to be identified, for example where cash may be diverting unnecessarily, and allow resources to be directed to those areas fundamental for survival, and ultimately growth. We identify non-essential costs, and produce comprehensive cash flow forecasting to fix current and upcoming working capital requirements. Then we can find the best options to manage the situation.
After survival comes growth: from here, we are in a position to create a turnaround strategy to transform the business back to its former profitability. This needs commitment and hard work from all concerned, but BTG Advisory’s track record of successful corporate transformations speaks for itself.