Restructure & Turnaround

A company can undergo a restructure at any given time. There are key moments in the business life cycle that highlight the need to consider a restructure, they include:

• Change in management/ownership
• Stagnant growth
• Economic downturn
• Poor efficiency
• Experiencing insolvency
• Have undergone a merger & acquisition
• Want to increase profitability

If your business is experiencing any of the above indicators, it’s best to get in contact with our expert team to maximise return and minimise the businesses risk.

During a restructure, the director/s maintain control of the company’s affairs. The restructuring practitioner has a duty to act as the company’s agent.

Business turnaround refers to when the business hits a pivot from negative to positive. It puts the business on the path back to profitability. The turnaround process involves a strategic plan, review and execution usually triggered by a serious financial challenge.

When your business is experiencing financial distress, it can be confusing knowing which path is the right one to take in alleviating your financial worries. There is common confusion between liquidation and administration amongst business owners.

Entering liquidation is for when the business needs to close it’s doors and wind up company’s affairs. The process involves selling assets to repay creditors following a de-registration. Whereas, administration is when the business is experiencing challenges yet still deemed viable. An experienced insolvency practitioner is able to determine which path is the best for the business and their goals.