How to Save Your Business

Corporate recovery isn’t about winding up your business. Many businesses in difficulty still have plenty going for them. Recovery is just that. Taking a poorly business and nursing it back to health and vitality. And that’s what we do best. Whenever you find yourself in difficulties, a fresh pair of eyes can sometimes see things you can’t. Bringing an extra, dispassionate viewpoint to the table can help to resolve problems with your business too. We’ll help you to examine every aspect of your enterprise, assess your problems, and explore new ways of generating the extra income you need. Here’s how to save your business

Reconstruction and Renewal

One of the first steps to recovery involves taking a holistic view of the company. Is one part of it dragging down the rest? Are there inefficiencies in the structure that can be ironed out?

A solution can often be found through recognising what a business is good at, and rebuilding it around that healthy core. Less viable parts can often be liquidated to provide resources for the corproate reconstruction process.

Turning It Around

Sometimes directors have to conclude that small tweaks and changes aren’t enough. The company still has a role to play, but it’s in real short-term danger. At that point, the highest priority must be stabilisation at all costs. Get that cash flow back into positive territory as quickly as you can. It may not be pleasant. Sometimes it’s necessary to close facilities and lay off staff, but if the company has a future then grabbing nettles is something that must be done and a full business turnaround might be your best option.

A Brighter Future

Here at Irwin Insolvency we offer the full range of support services you need to get your company back into profitability. We’ll help you to resolve difficulties, and implement procedures that commence recovery and help you back on the road to success. Get in touch with us today.

Contact Irwin Insolvency today for your free consultation

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0800 254 5122

About the author

Gerald Irwin

Gerald Irwin is founder and director of Sutton Coldfield-based licensed insolvency practitioners and business advisers, Irwin Insolvency. He specialises in corporate recovery, insolvency,
 rescue and turnaround.