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Our Flexibility
When we first make contact the situation for every owner and their business will be different.  So we'll keep an open mind on how best to work with you and how we earn our fees.

You may have a lot of questions to ask, or should be asking. Here's a bit more about us to consider...
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Our Latest Video Tip
Kym Heffernan:
Introduces Business Turnaround
 
 
Member # 1173684 Member

Other Information to Help Understand More About Business Turnaround

The Turnaround Business TeamTurning around a small and mid-size business is not the same as a large corporate. We are dealing directly with the owners, the people with their future on the line. We found that some advise from accounting and law firms conflicts with the best interests of owners. 
Our approach is multi-disciplined. We can work at every level in the organisation from the boardroom to the shop floor.  
  • The 'Services' we offer complement your accountants & lawyers .
  • Our 'Team' have experienced the stress you're feeling now
  • The Turnaround 'Process' is robust, structured and measurable.
  • 'Success' is never guaranteed, but starting early makes it more likely.
  • Deep change is needed and nothing will until you decide so, 
Contact Us
Make confidential Contact Now
Follow our Quick Links at left or scroll on down for more information.
 
By registering interest we offer more detailed pages to help you learn more about us, our experience and what we can do to help you.  Click Here to Register.
 

Saving a Sinking Ship   How turnaround experts might work...

A yacht has been going fast and taking on a little water. It’s now encountering stormy seas, she may sink. This is a crisis, and for sure she's not going to make port in good shape unless something is done, very fast.
 
An experienced skipper & navigator will immediately assess the situation, call all hands on deck and take decisive action to survive. Then they'd quickly use the time that creates to take bearings to know where they are, evaluate the critical risks and take immediate further action that stabilises her on a safer course. 
 
Now the crew can properly evaluate the options for continuing the journey, a realistic destination may be agreed. A new course charted that suits the prevailing conditions.
 
Everyone remaining onboard settles into their new roles and is now meeting the goals. As we pass our navigation waypoints performance improves. She gets home ahead of the fleet.
 
Survived. Safe
It's another turnaround situation...
Our 'photo icon' for a Crisis was taken of Silk II in the 1996 Cowes Week race UK.
She recovered to win the series!
Link to the sailing story.
 
 

FAQ

Frequently Asked Questions

You don't have to feel stranded, the FAQs are the questions we're often asked because they are top of mind for business owners trying to work through their stressful situation..

 Link to Frequently Asked Questions

 Should Ask Questions  

SAQs are the questions that are often not asked because owners may not be familiar with the turnaround process or some of its legal and practical aspects. Maybe they prefer not to hear the truth.

Managing Insolvency 

Managing InsolvencyYour bank may already have you on their books as a "special asset". This means they may be more interested in liquidating your business than saving it. When they appoint a receiver the deal is simply, get our secured debt and the balance can pay fees. It's unlikely that a unsecured creditor, let alone an owner will ever get value.   It's a conflict of your interest in turnaround. 
 
Better to manage the process to protect value for ALL stakeholders.
 
A well managed insolvency process also goes a long way to ensuring the reputation and community standing of the business owner is preserved. Where appropriate we will draft 'deed of arrangement' terms which are fair, never punitive.
 
Beyond this we've experienced owners getting out from the burden of debt and being reestablished in new a business - debt free and profitable. A liberating outcome.  
 

Our Video Tips 

#1: An Introduction to Turnaround Business Partners...Click to watch video
Kym Heffernan introduces what we do to rescue troubled businesses.
 
 



#2 The Emotional Challenge...
Knowing your in trouble & asking for help is almost the hardest step in a turnaround.
 
 
 
 
#3: Feeling OK after Insolvency
 
"Insolvency" can carry an unpleasant stigma, however too often external circumstances trigger events that business owners cannot control nor manage. When primary lenders take control, debt recovery and insolvency fees take priority over retain business value for other stakeholders.

Partners & Links

Our team are members of and work with a range of organisations. Follow these links to partners & useful links.
  
Partners
  
Useful Links 

Careers
Turnaround Business Partners are taking a different approach to business consultancy. We are in the business of saving troubled mid-sized businesses by going hands-on to provide turnaround management and performance improvement.  If you have the right background and experience in front line business and thrive on change management now is  a great time to contact us. We are seeking consultants who have experienced the following;
  • Turnaround Management 
  • Corporate Recovery 
  • CEO or General Management 
  • CFO or Financial Controller  
  • Business Finance Solutions
This is not a career for people who like office environments; we don't have them nor need them. Our business is done working alongside our clients, at their place, a nearby coffee shop, on the shop floor or in the plant. Our management systems are all web-based so you can work anywhere, laptop, iPad or iPhone, whatever works best for you and our clients.
 
Call me direct to discuss the opportunity to become a leading change consultant with us. 
    Allan Morton - Founding Partner