Business turnaround

Like many business owners, you’ve probably made huge personal sacrifices for your company: long hours, payroll and juggling suppliers, and the personal cost of missing time with your family. Until recently, the business provided you with a good income – it was ticking over nicely.

But now, things are quite different. The past few years have been tumultuous for the business and financial markets; efforts to shed excess capacity and deliver have left many business owners unable to meet the rising demand. And then – just when you might have been getting on top of it all – COVID-19, together with its accompanying new compliant business regulations, has changed everything again.

Our answer… a business turnaround

An independently-guided business turnaround works well for those business owners recognising that trying something different is better than continuing along a course which clearly isn’t working, and is instead risking the life of the business.

At SME Support Services, we’re passionate about helping you both maximise and solve your financial opportunities and challenges at an affordable cost. We’re dedicated to working with business owners to help develop a specific turnaround plan, which will help you get back on the right track to success. We’ll develop a strategy with you, using our range of corporate strategy experience in a wide variety of sectors, helping owners give their businesses a new lease of life.

In return, the business owner must:

• possess a strong work ethos and will to succeed;
• have the realisation that the company requires something other than money to heal and remain healthy;
• manage a business with annual revenue of £? to £?.

Our business turnaround services:

Business turnaround & crisis management

• assessments of problems & development of corrective workout plans;
• business turnaround & planning;
• business model validation;
• revenue & margin optimisation;
• financial modelling & projections;
• cost reductions & downsizing/rightsizing;
• negotiations with lenders, creditors & customers;
• refinancing & capital acquisition.

Performance improvement

• operational assessments;
• industry positioning;
• integration & streamlining;
• productivity improvements;
• product line rationalisation;
• cost accounting margin validation;
• business model refinement.
• marketing plans & margin improvement;

How does our process work?

We’ll develop a custom turnaround plan for your business, helping you at every stage to implement it in a three-step solution:

• Stabilising cash flow, to ensure a smoother relationship with lenders and creditors.
• Conducting a series of tests to diagnose your business problems; based on the results, we’ll recommend solutions, prepare a cash forecast and develop a personalised turnaround plan for your business.
• series of action items; we’ll assist in their implementation, as you guide the turnaround of your business to a successful conclusion.

Don’t delay, contact us now to discuss a business turnaround strategy tailored to your business goals!