Business Turnaround

An effective business turnaround plan can be crucial for success, revitalising your company after a financial setback or a period of underperformance. Moreover, robust cash management strategies are essential to maintain your business's efficiency and focus, even in the best of times.

Whether you're managing a struggling organisation or seeking to enhance your operations, our comprehensive Advisory Consulting or Fractional CFO services will support your company at every stage.

Read on to discover what our business turnaround plans can do for you, along with the varied cash management services we offer.

What is a business turnaround strategy?

A business turnaround strategy is a planned approach to revive a faltering or underperforming company. It's designed to stabilise the business during challenging times, prevent failure, and set it on a course for renewed growth.

Business turnaround plans may be necessary for various reasons, such as dwindling cash reserves or losing a key customer. A well-crafted strategy addresses each issue and finds ways to resolve them, potentially through cost reductions, refinancing, lender negotiations, or ramping up marketing efforts.

However, the principles of business turnaround aren’t limited to struggling companies alone. Effective cash management is also vital for growing firms to stay on course.

What business turnaround and cash management services does Stirling offer?

Regardless of your company’s size or financial situation, we offer a range of turnaround advisory and cash management solutions.

Business Turnaround Planning and Implementation:

We have a wealth of experience in successfully steering stressed and high-growth businesses through turnaround and transformation. Our services span the entire process, from strategic advice to hands-on support and project management. 

Operational Improvements & Review:

Using analytics and business acumen, we identify areas of underperformance, such as sales, margins, overspending, or inefficient operations. We collaborate with businesses for targeted improvements and provide tools for ongoing performance monitoring.

Working Capital Cycle Review and Improvement:

Our approach combines analytics, industry insights, and commercial expertise to review and improve the entire working capital cycle. We delve into the root causes of issues and target practical solutions, monitored through live dashboards.

Cash Flow Forecasting:

We can help enhance your cash flow forecasting by systematising inputs, refining processes, and integrating feedback loops. This integrated approach to cash flow management improves forecasting speed, enables data-driven decisions, bolsters stakeholder confidence, and mitigates risk.

Targeted Troubleshooting Support:

Our wide-ranging industry experience enable us to offer customised troubleshooting support, from data cleansing to project delivery unblocking. We provide strategic refocusing support for leaders, allowing them to concentrate on broader issues.

Stakeholder Management and Monitoring:

We conduct strategic, financial, and operational business reviews for stakeholders, offering various options and recommendations. We also carry out more focused reviews on risk areas like cash flow forecasting or receivables conversions.

What sets us apart?

Our bespoke, hands-on services in areas such as cash flow improvement and working capital consulting distinguish us from others. Our experts go beyond merely drafting reports; we delve deep into the core of your business, developing plans, strategies, and providing project management support.

We also offer interim or Fractional CFO, services, potentially acting as directors in your firm.