What are the early warning signs that my business needs help?

Key warning signs include declining cash flow, increasing debt levels, difficulty paying suppliers or HMRC, relying heavily on overdrafts, losing key customers or staff, and receiving legal threats like statutory demands or winding up petitions.

How can you help protect my personal assets as a company director?

We provide comprehensive director protection including defense against misfeasance claims, personal liability assessments, asset protection strategies, and guidance on director duties during financial distress.

What's the difference between a CVA and Administration?

A Company Voluntary Arrangement (CVA) allows your business to continue trading while paying creditors reduced amounts over time. Administration provides stronger legal protection but involves an administrator taking control.

The Complete Guide to Successfully Recovering and Growing Your Business

The Complete Business Turnaround Checklist

A comprehensive guide to turning around a failing business. From initial assessment to successful recovery - every step covered.

Tenable Support Team

Senior Business Advisor

Turning around a failing business requires systematic planning, decisive action, and unwavering commitment. This comprehensive checklist will guide you through every critical step of the turnaround process.

1 Crisis Assessment Phase

Financial Analysis

Review cash flow statements
Analyze profit & loss trends
Assess debt obligations
Evaluate asset values

Operational Review

Identify core problems
Review market position
Assess team capabilities
Evaluate systems & processes

2 Immediate Stabilization

Cash Flow Management

Accelerate receivables
Negotiate payment terms

Reduce unnecessary expenses
Implement cost controls

Secure urgent funding
Create 13-week forecast

3 Strategic Restructuring

Business Model Review

Refocus on profitable segments
Eliminate loss-making activities
Optimize pricing strategy

Organizational Changes

Right-size the workforce
Strengthen leadership team
Improve communication

Ready to Turn Your Business Around?

Our turnaround specialists can guide you through every step of the recovery process.

Start Your Turnaround