Where underperformance leads to a breach of banking facilities or covenants; or pressure from creditors or threat of withdrawal of credit lines, the business and its stakeholders need to appoint independent advisors with proven experience in such circumstances.

In the early stages of turnaround the right support is necessary to create financial stability, assess cash flow and identify other means of improving short-term liquidity. We are able to provide a range of services from efficient professional advice through to the management and implementation of full crisis stabilisation and turnaround programs.

To discuss how Grant Thornton can further support you and your business during this phase, please contact us.