Turning your business around


Survival and recovery         

 

Business turnarounds

NSConsulting has access to significant funds through associated professional firms for turnaround funding.  One key element for a business experiencing difficulty is often how quickly external advisers can respond, as it is not uncommon for company principals to delay in seeking assistance which reduces the window of opportunity.

If there is a secret of saving a business from entering a cycle of decline or even failure, it may lie in the area of recognising when the business is going to encounter hard times and taking advice in order to plan ahead for recovery; however it is often left too late.  In a cycle of decline, the longer matters are left hoping business will improve and the later a decision is taken to seek advice, the harder the task becomes of effecting a recovery.

As a consequence, funders with turnaround funding may often look for opportunities where rapid deliverable decisions can make a substantial difference. The aim of the NS team is to deliver a decision in two working weeks and complete in six weeks from an initial enquiry.

The NS team has assisted a number of SME companies recover from difficult commercial situations by providing a review, a revised strategy and fresh focus which has enabled a survival plan to be supported by banks and funders.

Initial assessment parameters for larger organisations needing turnaround funding support are:
  • Turnover >£5m
  • Funding requirement >£500k
  • Defensible market
  • A management team committed to growth
  • A good asset base, freehold property is helpful but not always essential

If your business appears to be diminishing, sales are slumping, your products falling behind those of your competitors, key staff leaving, cashflow pressures building, current lenders uncomfortable and you need someone with whom to discuss the current situation, contact us today.

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