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Turnaround
The turnaround strategy enables senior managers of underperforming companies to understand the critical causes of poor results in order to stem losses and restore growth. Well crafted turnaround strategies from the Barringtons team have led to the survival of many businesses and their speedy return to growth and profitability. Our turnaround ethos is based on in-depth investigations into where and how a business can invest strategically. The team plans and structures its work based on the assumption that long-term projects do not necessarily lead to higher returns. Therefore, the work is focussed on the biggest issues and the best way to get results.
What we can bring to the table
Restoring Credibility:
The management of a troubled business has often lost credibility with lenders, suppliers, employees, customers, professionals, non-active shareholders and the community at large. Retaining a turnaround specialist is often the first sign to these constituencies that the company is taking positive steps toward both a recovery and rebuilding damaged relationships.
Leadership and Motivation:
Where we differ from most of our adversaries is that we have experience in managing businesses amidst the chaos, stress and uncertainties of a crisis or turnaround. We are direct in our approach and decisive in our recommendations and actions. We are also experienced in negotiating with lenders and trade suppliers in the midst of a crisis, in short an experienced leader.
Functioning as “The Nerve Centre”
Word of trouble travels quickly and the telephone has a tendency to ring often from concerned outsiders. In most cases, the company staff are not ready to deal with the environment that trouble brings. Therefore, we are the best equipped to serve as the business’ temporary nerve centre. We have an established network of debt and equity sources familiar with the financing of troubled companies and can use our credibility with these sources to assist in securing any necessary financing.
The Barringtons team have many years experience in dealing with business-related problems of companies in distress. Where existing management may have lost its credibility, the team will bring its own credibility to the table thus restoring confidence in the ability of the company to recover. Where management may have lost flexibility, our team will restore it. We will stabilise a chaotic situation, assess the viability of a business and develop and implement a recovery plan.
To discuss Turnaround and Reconstruction call Philip Wood or Lucy Hill on 0845 050 4444 or at one of our local offices or email insol@bcr-insolvency.co.uk
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BCR offer insolvency services throughout Staffordshire, Shropshire, Cheshire and Lancashire with insolvency practitioners helping individuals and companies in Stoke on Trent, Shrewsbury, Telford, Bolton, Preston, Blackburn, Stockport and Manchester.