Whether your company is eyeing a growth or expansion project, or is experiencing challenging times, consulting with a business advisory professional at either juncture can make all the difference to the final outcome and consequently your company’s future prospects.
Business advisory is a term which encompasses a diverse yet complimentary range of professional services all of which help enable companies to fulfil their potential, or alternatively turn around the fortunes of a business which looks to be heading towards financial distress. A comprehensive business advisory service also typically includes specialists in succession planning, debt advisory, and working capital management.
If you are looking to effect an acceleration of your company’s growth through a series of mergers or acquisitions, enlisting expert help during this defining point in your company’s expansion aims can help pave the way for a smooth transaction as well as maximising the chances of successful post-merger integration.
This is done by ensuring any purchase is agreed only after completion of a stringent due diligence procedure and considered negotiations. This input helps to make the purchasing process much more transparent, meaning you know exactly what you are buying before you become committed to the acquisition as well as ensuring you are getting a fair deal. A well connected and experienced specialist can also be instrumental in helping you locate suitable acquisition targets as well as sourcing appropriate funding needed to complete on any proposed deal.
At the other end of the spectrum, you may require assistance in turning around your company should it begin to suffer a downturn in trade, revenue, or profit. Business turnaround very rarely calls for a one-size fits all approach; every company is different and so are the problems any given business experiences. Whether the problem stems from issues internal or external to the business, there is often a viable solution to save the company if the desire to rescue is there.
This process typically involves implementing a range of measures to restructure a business before it succumbs to financial pressures. This could mean simplifying an existing complex structure and redirecting freed up resources to more ripe and profitable areas of the business; or else undergoing a refinancing process to improve liquidity and reduce both its long- and short-term debt burden.
The team at Handpicked Accountants can put you in touch with a trusted business advisory specialist depending on your company’s current position and your future aspirations. Call our experts today on 0800 063 9258.