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Business Turnaround, Rescue and Debt Management Services from Sinclair Harris

 

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Business Turnaround and Rescue

We are experienced in all aspects of turnaround and the rescue of under-performing businesses. Business turnaround may be reporting quarterly to a bank or to creditors whilst the company is undergoing change and creditors require independent reports from a Licensed Insolvency Practitioner as to the progress of the turnaround. We do not believe that Turnaround is an easy process.

Our involvement may lead to changes in management, products or staff. We may advise downsizing, or merging with either similar or suitably fit organisations.

Actual.Case
We assisted a couturier based in Knightsbridge who owed debts of more than £200,000 to trade creditors and Government departments. We investigated the reasons for the losses that related to certain personnel and unsuccessful lines that the company were selling. We went through the various issues with the director who made changes based on our advice. We negotiated with the creditors and the government departments, explaining the reasons for the company's liquidity problems and agreeing long repayment terms. We monitored the company monthly for two years, by which time ALL CREDITORS WERE PAID OFF IN FULL 100 PENCE IN THE £. The company continued trading successfully and Sinclair Harris were engaged as consultants for another two years attending at the company on a quarterly basis until the director could manage the business on her own.

 

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Sinclair Harris is fully regulated by the Department of Trade & Industry (Berr), are Members of the R3 Association of Business Company Professionals, as well as the Institute of Chartered Accountants of England and Wales.

We have helped hundreds of businesses and individuals in the past and understand their problems.

 

 

 

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is proud to be associated with

ICAEW

The Institute of Chartered Accountants of England and Wales

R3

R3 - Association of Business Recovery Professionals

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