The term turnaround is used to describe the recovery plan of a company in difficulty.
Corporate crisis management is a very delicate issue in the current economic context, characterised by sudden changes and numerous pitfalls. Knowing how to recognise the beginning of a crisis in time is crucial for a company, which can then respond promptly, skilfully and competently with its own technical and professional resources before its too late.
Our intervention consists of two macro stages: the first involves analysing and identifying the causes that led to the company’s crisis, and the second outlines a precise strategy aimed at restoring the company’s profitably, acting accordingly.
The proposed approach is thus outlined in a well-defined path aimed at resolving the crisis:
Quick Assessment, a rapid intervention capable of providing a representative snapshot of the company’s situation.
Definition of the strategy and the methods for resolving the crisis, including recourse to extraordinary procedures.
If necessary, negotiation with credit firms and definition of the recovery plan.
Implementation of the recovery plan.