The combination of a dip in trading and a gap in cash flow may be enough to cause pressure or even crisis. Whatever the reason, financial distress erodes confidence in the business and shareholder value.
It is essential to move swiftly and decisively to implement corrective measures – the sooner specialist advice is sought the more likely a recovery can be made.
If dealt with promptly and intelligently, at the early stages of the decline curve, it's possible to maximise recovery opportunities. But neglected or misdiagnosed it could eventually lead to insolvency and failure.
Baker Tilly's experts advise boards and other stakeholders (lenders, investor groups, creditors, landlords) on stabilising crisis, turnaround strategy and planned restructure. Our turnaround and restructuring specialists can help you handle some of the tough decisions and negotiations.
We'll make sure all available options for renewing a business and revitalising prospects are considered, including accelerated mergers or acquisitions, providing forecast assurance to external stakeholders where necessary.
Through our international network we're also able to draw upon local knowledge for most assignments that cross borders. Our list of successes includes rescue and restructuring projects around the globe.