Director information hub: Company turnaround and recovery
Company turnaround or business recovery is a specialised service.
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Tom’s company turnaround story
How can turnaround or business recovery help?
Many companies that fail each year could have survived by seeking turnaround or business recovery advice at the first sign of trouble.
Experts can offer formal or informal advice and guidance to companies in financial difficulty.
You should remember that this advice is not always free and you should only ever consider these services from accredited advisers.
So it’s important to verify an adviser’s accreditation from, or membership of, any professional bodies.
What does a company turnaround or business recovery adviser do?
These advisers look at every aspect of your company to understand why you are in difficulty.
An adviser will:
- identify and analyse where your company is going wrong
- devise a strategy to address problems
- put the strategy into practice to potentially fix the problems
Benefits of turnaround or business recovery:
- impartial advice and support
- advisors are experienced in helping struggling companies