A view on Turnaround by a member of the financing panel

"A successful turnaround will be achieved by a combination of solutions - not just one.

Successful turnaround is usually only achieved by ensuring the following ingredients are present:

• There is a viable business to turnaround
• New additional finance is introduced to fund the turnaround
• Immediate creditor pressure needs to be removed by debt rescheduling
• Advisory skills are sought and introduced to compliment the existing management skills set
• Management resources experienced in turnarounds

Each turnaround is unique. But some things are always required:

• The most appropriate solutions
• A variety of solutions
• Access to the solution provider
• Speed of reaction of solution provider
• The right management

Totalturnaroundfinance - provides in one place, rapid access to all forms of commercial finance, business services plus top quality professional advice."

Regional Managing Director South East Cattles Invoice Finance Limited.

© Interimconnect 2009 and its licensors. All rights reserved.