Pre-Pack Administration #024

Published on 31 December 2010 by Tony Groom  Pre-pack Administration is a tool for saving struggling businesses that are in severe financial difficulties but are potentially sound. Essentially it means “selling” the business to a new company immediately upon appointment of an Administrator, the preparation for sale being carried out prior to appointment. The sale requires […]

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Working With Trades Unions to Promote Consensual Turnarounds #009

Published on 10 December 2010 by Tony Groom A Company Doctor and former President of the Turnaround Management Association, who seeks to save companies, and who does not work for banks, has approached a number of UK trades unions with a view to forging a collaborative approach to dealing with companies in financial difficulties. Currently, […]

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