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WELCOME
Companies frequently encounter trading problems and it is not uncommon for these to develop into financial difficulties.
The directors of these companies are usually able to take the necessary corrective action and the business recovers. In the current economic climate however relatively small problems can rapidly become serious financial difficulties. It is at times like this that the directors need experienced advice and support in helping the company speedily on its road to recovery.
TYPICAL SITUATIONS INCLUDE..
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issues with funders/cash flow
difficulties |
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decline of key markets |
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unreasonable demands from customers |
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management problems/disagreements |
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incongruence of
stakeholder objectives |
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shortcomings in
management information |
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loss of key personnel |
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operational problems |
In these circumstances even capable and successful directors often find themselves in a situation that is new and far from comfortable. Perhaps initially reluctant to take on an external advisor directors typically really appreciate and benefit from the assistance, advice and support of specialists who are experienced in handling corporate turnarounds.
ProTurn always acts directly for the individual client company under the direction of its Board. As a result of its specialist skills and long successful track record, ProTurn has earned the confidence, respect and trust of the major UK banks and many private equity houses. Obviously this can be critical when working on a recovery plan.
PROTURN'S
SERVICE is based on four key activities..
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analysing the situation and summarising the strategic options |
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obtaining stakeholder agreement to a recovery plan |
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assisting with
implementation of the plan |
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handing back to
Management |
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