If your business runs into difficulties, prompt and effective action is vital. Addressing the early warning signs could mean the difference between saving your business and being forced into liquidation.
In today’s economy, many businesses are struggling with low growth, rising costs and the imposition of endless red tape and new rules. Yet there are other factors at play – and many are in the control of business owners.
Analysing your key drivers
Issues related to pricing, productivity, premises, credit terms, invoice policies, debt financing and stock lines can all affect your profitability. Our Business Management team can deliver an independent assessment of the key drivers across your business and provide practical recommendations for changes that will lower costs or increase revenue over the long term.
Helping troubled businesses recover
We offer a number of services to help with business turnaround including:
- Business reviews
- Pre-lending advice
- Investigating accountant’s reports
- Corporate restructuring
- Debt restructuring
- Divestment of business and assets.
Working closely with our tax specialists, we also ensure tax efficient outcomes in any restructure. Our team has substantial experience in this complicated area and has helped many troubled businesses go on to future success.
How Accru can help you
We are always here to help with business turnaround. If you would like to discuss this issue, please contact an Accru business management advisor.