Reshape your business to make the most of what comes next
After more than a year of change and disruption, growth is back on the agenda. Businesses must now restructure to take advantage of opportunities for growth. To invest in the business areas that will support effective, sustained outcomes. And turn their current position into the foundation for long-term growth.
There are still challenges ahead. Many of the support measures from the pandemic are coming to their end. Challenges around supply chains and workforce availability continue. Disruption remains a business reality and keeping focused counts. Our business restructuring and recovery services provide the technical skills, business know-how and strategic planning to give clarity to your path ahead.
There are four areas of focus, detailed below, that will help you on your path to sustainable growth.
Companies need to assess if the cost base has kept pace with their activity. Businesses should reallocate and deploy costs and resources in the right places to fund investment in priority areas and deliver the greatest return.
Companies need confidence in the accuracy and consistency of cash flow reporting across their organisations. Pinpointing where money is tied up is the first step in increasing the cash immediately available.
As the various forms of Government support and the winding up moratorium come to an end, creditors and other stakeholders are likely to increase pressure on their debtors. Directors need a more proactive approach to this new creditor landscape. This can range from consensual deals with individual creditor groups to compromising all creditors through a formal process.
As companies realign their strategies to stay relevant to their customers and make the most of growth opportunities, they will need to rethink what that means for their business and operating model. Divesting elements that are no longer core will free up time and capital to invest where needed.