There is a growing requirement for this area of expertise – it is known as “Turnaround” and applicable to entities where current financial performance indicates that the Company will ultimately fail should short-term corrective action not be taken.
At Boland and Partners, we have aided numerous companies to survive difficult trading conditions and eventually prosper in their respective industries.
We provide a thorough analysis of the potential growth of a Company and highlight the areas that will require immediate action in order to maintain the business. Each engagement presents a unique challenge but our experience in a wide variety of industries and professions is an asset to our clients.
The various steps involved in the process are as follows:
- Identification of the problem
- Assessment of Business Viability
- Devising appropriate Recovery Strategy
- Monitoring of the Recovery Strategy