Turnaround and Business Restructuring
This involves the dismantling and rebuilding of areas within an organisation that need special attention from the management and CEO. The process of corporate restructuring frequently occurs after buy-outs, corporate acquisitions, takeovers or bankruptcy.
When restructuring a business it is advisable to also look at formal insolvency procedures and the Members Voluntary Liquidation procedure. Although these involve incurring the costs of an Insolvency Practitioner it may be that they allow for more profitable results in the period after restructuring, or open the door to potential tax savings.
If you delay in seeking advice when you suspect that your business is in trouble, you may find that it is too late to implement a turnaround plan and there are a limited number of options available to you.
Dains can help with:
- Assessing the financial position of the company
- Advising of the options available
- Assisting with the procedure recommended.
In producing a plan for the future of the business, we will frequently work alongside a colleague in the tax and/or corporate finance departments to gain a truly comprehensive picture of how, together, we can boost your bottom line.
Dains Business Recovery Limited - Registered Company number 10115314. Registered office St John's Court, Wiltell Road, Lichfield WS14 9DS. Registered in England and Wales.
Martin FP Smith and Nicola J Meadows are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales. Furthermore, they are both bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment. When acting as Receivers, Administrative Receivers or Administrators they act as agents only, without personal liability and when acting as Administrators, the affairs, business and property of the company are being managed by them.