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Definition of Turnarounds
We define turnarounds as returning an insolvent or potentially insolvent business to operational and financial stability, while maximising all shareholders' interests.
The Mechanics for a Turnaround
Although all turnarounds are different and one cannot prescribe a "format" for a turnaround, we feel that most (but not all) turnarounds require certain common ingredients.
1. Proving core viability
2. Restructuring skills and experience
3. Turnaround finance
4. Turnaround management
We feel that once the core viability is proven, that the implementation of the turnaround is a bit like a 3 legged stool. If you try to implement a turnaround without including all 3 components of turnarounds, the stool will become unbalanced and fail.
For this reason, we specialise in providing all 3 key areas:
• Professional Turnaround Services
• Turnaround Finance
• Turnaround Management
Classic Turnaround Cycle
In order to demonstrate the classic turnaround cycle, we have created a series of graphs. For further detailed information please click on the Turnaround Definitions links on the left or click here for the first of our graphs - Business in Crisis.