Business Plans
The first requirement in any turnaround or rescue is a business plan which shows the future viability of the business. By definition, this will involve changes to the business which will return the company to profit. Viewpoints can advise and help owner/managers produce that plan.
Gaining acceptance of the Business Plan
The business plan must then be accepted, either by banks or investors, or in a rescue situation, b y the creditors. Viewpoints can represent the company in this situation as it is sometimes helpful if someone independent endorses the plan. This is especially so with trade creditors and HMRC

Negotiating the best deal
In the case of a voluntary insolvency situation, especially ‘pre packs’ ( when the existing management buy the company ), Viewpoints can represent the company with the insolvency practitioner or other interested parties to get the best deal.
Financing the Plan
The plan must be financed, and this can be done through bank overdraft, lenders, investors, or using the sales ledger to raise factoring finance. Sometimes a ‘white knight’ needs to be sought. Viewpoints can help or represent the company in all these areas

Appointing the right leaders
The plan must then be implemented by the management team, and Viewpoints can be used to give an unbiased opinion of the skills of your team. Sometimes there are weaknesses which must be recognised and dealt with through recruitment. Viewpoints can complete this task by advertising anonymously using Viewpoints name, and then interviewing to final interview stage.
Implementing the Plan
Inevitably, most plans require an element of cost reduction, and Viewpoints can implement these plans on the company’s behalf if necessary, liaising with government agencies on consultation periods and payments ( should the company not be able to afford the redundancy costs )

Getting the staff on your side
All this inevitably affects staff morale, and Viewpoints can complete independent surveys/interviews to establish staff attitudes and feed this back to management. Action plans can then be drawn up to deal with any issues raised

Whatever your needs are, give us a call – the first meeting is free, and we are very flexible
on fees, which can range from hourly/day
rates to shares or percentages of the margin.