Survival Sometimes Means Making Fundamental Change #012

Published on 9 November 2010 by Tony Groom Any successful business would be expected to be constantly monitoring its activities and modifying them where necessary to improve the efficiency and its various offers. Continuous business improvement does two things: it optimises existing processes and keeps them optimal by continually updating them. But on its own, […]

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Saving insolvent companies needs both a restructuring and business plan #058

Published on 25 July 2011 by Tony Groom Following the demise of Rok and Connaught, another national building maintenance company, Kinetics Group, has just gone into administration with 500 employees being made redundant leaving a skeleton staff of 50 to deal with its five sites. The Kinetics Group had provided building maintenance solutions to over […]

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Employing Restructuring Advisers to Help Save Your Company #003

Published on 16 September 2010 by Tony Groom There are a number of options for companies who find themselves in financial difficulties, but a real challenge is finding someone to help. It’s made more difficult if the directors/owners take the view that they know their business better than anyone else and infer from this that […]

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Company Voluntary Arrangements (CVA) and When to Use Them #022

Published on 24 November 2011 by Tony Groom  A Company Voluntary Arrangement (CVA) is a binding agreement between a company and those to whom it owes money (creditors). A CVA is based on a proposal that will include repayment terms. These should be affordable, realistic and manageable. While the proposed payment period can be much […]

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Business Turnaround Process Involves Completing Three Phases #011

Published on 14 November 2011 by Tony Groom There are essentially three phases to a business turnaround which are the first, emergency phase to try to ensure survival, followed by a stabilisation phase which includes a thorough look at any fundamental changes needed to achieve a viable business and finally the growth phase to secure […]

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A Guide to Company Voluntary Arrangements (CVA) and When to Use Them #022

Published on 24 November 2011 by Tony Groom A Company Voluntary Arrangement (CVA) is a binding agreement between a company and those to whom it owes money (creditors). A CVA is based on a proposal that will include repayment terms. These should be affordable, realistic and manageable. While the proposed payment period can be much shorter, […]

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Turnaround Forecasting is About Reality, Not Hope #015

Published on 14 November 2010 by Tony Groom Normally most forecasting is done for lending, fund raising or other investor related purposes and therefore with hope of future growth built into the forecast. Such forecasts show how loans will be repaid and investors will achieve a return on their money. Such forecasts are often not […]

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