With experience working with distressed businesses BCS is able to offer practical help and support to businesses experiencing financial pressures. We understand that a turnaround or recovery often has to be achieved within a short time frame. There are immediate pressures to be addressed from creditors, banks and other stakeholders and these cannot be ignored. It is equally important that the underlying fundamental issues are identified and addressed to ensure long term survival.
We will work closely with your management team addressing both the immediate pressures and longer term issues to provide the best chance of survival and ongoing success
|Business Recovery/ Turnaround|
|Part-time Finance Director|
|Business Turnaround and Finance Process re-engineering|
|Re-engineered processes within Finance team of division of listed UK PLC, reducing month end reporting timescales from 6 weeks to 4 days. Developed use of standard costing system whilst working closely with interim Operations Director to turn around divisional performance.
|Independent Business Review|
|Successfully completed business review on behalf of major clearing bank, supporting Business Recovery team confirm deicision as to whether to continue supporting an SME customer contracting in the construction sector.
|Business Recovery- speciality retailer|
|Joined board of small speciality retailer with 12 outlets across UK. Business suffered from restricted cash flow and inability to clear all commitments. With management team implemented a recovery plan including relocation of head office, creditor agreements, stock reduction etc. Business returned to positive cash flow and operating profit.
|Interim FD for Aerospace manufacturing business. Business recently purchased in distressed state by PE house specialising in turnarounds. Supported management team by introducing tight daily management of cash and capital, including implementation of invoice discounting facilities. Supported board in modelling of budget and identification of new strategic plan to ensure business recovery.
|Negotiation of facility extension and improved working capital management|
|Retained as Interim FD in PE owned manufacturing business supplying to retail multiples in UK. Buesiness in highly restricted cash position and in negotiation with backers, including banks. Supported CEO in negotiation of extension to working capital facilities. Developed financial reporting to improve accuracy of historical and forecast results implementing new forecasting model. Significantly reduced debtor days and inventory reporting resulting in increased order uptake and customer service levels. Supported recruitment of new full time FD.