Business Doctors offering a range of Company Rescue Services
Is your business struggling to achieve the results you expect? Are you unsure how to grow the company? Or do you need new direction and focus to take it to the next level? The business doctors at S4B can help.
At S4B, we have extensive experience of helping small and medium-sized businesses to refocus, leading rapidly to increased growth, profitability and improved cash flow.
We offer a range of company rescue services, which we can provide individually or in combination, depending on your situation:
Short-term stabilisation
If your business is facing an immediate financial crisis, we may recommend urgent steps to stabilise the situation. This might include negotiating with HMRC, creditors or your bank on your behalf. We’ll advise the company directors on their responsibilities and carry out any fire fighting required to bring the situation under control.
Once the immediate danger is at bay we will be able to advise you on making longer-term plans to put you on a better track for the future.
Commercial review
The best way to establish how our business doctors can help your company achieve improved results is to carry out a comprehensive review.
We will discuss the present situation with the key managers responsible for specific areas of the business. In the process we'll ask questions to gather information on areas of the business including:
- strategy
- management
- sales and marketing
- legal
- taxation
- overhead controls
- working capital management
- processes and controls
- human resources
- account management
- IT
- cash flow management
- margin management
- reporting and financial control.
We'll then produce a detailed report summarising our observations, the potential consequences and our recommendations, and present this to the senior management team.
Assuming the management team buys in to our recommendations, we'll produce an interactive rescue or action plan that you can use to track your progress and measure your success.
Improving operational and financial reporting
We frequently find that under-performing businesses are held back by inefficient operational and financial reporting.
Improving the reporting processes will often highlight areas that need to be addressed. We can then assist you to make plans for improvements that are achievable and backed up by specific action plans. The new reporting processes will enable you to track your progress, or lack of it, and immediately address any new issues that arise.
As part of the reporting overhaul we’ll also ensure accurate forecasts are produced, at a divisional or manager level if appropriate, which the management team can understand and own.
See also our management accounts and forecasting services.
Refinancing and credit restructuring
Are you struggling to pay back bank loans or to meet the terms of an agreement with a private investor? We can help with our refinancing services.
We'll provide you with the information you need to negotiate with your creditors, or liaise with them on your behalf to agree a more manageable repayment plan.
Proactive tax reviews
A key part of running a financially efficient business is ensuring you’re paying the correct amount of tax and no more.
We can assess your present tax position and advise you on whether there is scope to reduce your tax liability, both present and ongoing.
See our proactive tax review service to find out more.
Ongoing support
Once your business is on track towards a more stable financial future, we can discuss providing additional support going forward.
In some cases a senior member of the S4B team will take on the role of chairman of the board, non-executive director, interim finance director or part time financial controller to see through the implementation. They will provide a balance of support and challenge to keep you focused on achieving the goals you've set for the business.
We can also keep your accounting processes in good shape going forward, utilising a lower cost member of our team to help with your accounts a few days a month. See part time board or finance personnel.
Our approach
We'll start with an initial meeting, free of charge, to discuss your current situation and where you feel you need our help. We will also use this opportunity to identify any urgent pressures on the business and to get an understanding of your longer-term strategy and objectives.
Following the meeting we'll propose a plan of action and what we would charge for providing these services. We have a flexible approach to fees for our business doctor and turnaround services, depending on your situation and the level of support you require.
The proposal will show our charges, broken down into initial set-up and ongoing fees. If you wish, we can build in a success fee or even an equity element, where we believe a longer-term relationship will be important to achieving sustained results.
Please contact us to discuss your requirements and arrange a FREE initial consultation.