Talk to us today in confidence0800 970053907833 240747

Business and Company Turnaround Advice

16 February 2021

Business and Company Turnaround Advice

What exactly is business turnaround?

If you feel your business is in a rut, not going anywhere, or in a serious financial predicament then you might think about hiring a turnaround practitioner.  A turnaround practitioner can cover a whole range of services.  It can be anything from just improving sales through new techniques, negotiating hard with creditors to avoid the business becoming insolvent, introducing new money or even just cutting costs.

Many businesses come to us wanting to do all the above.  The most pressing issue is usually creditors threatening the business but even if that can be sorted by an informal deal or a more formal insolvency procedure such as a company voluntary arrangement, there may well be a further need for additional funding or turnaround expertise.

Often it is beneficial to have a third party look at the business and sanity check the way things are being done.  It is surprising how directors can find it hard to see the bigger picture, especially when they are used to doing something in a particular way.  They cannot see a way to improve the performance or fail to spot the one thing that is dragging the company down. Disagreements at the top of an organisation can hamper its ability to prosper.  As such, it may be useful to have someone join as a non-executive director or simply as an impartial advisor. 

Frequently, the most important thing to improve is financial reporting and other management information such as return on investment.  Marketing and sales strategies are important but unless the management can analyse where things are going wrong they will be unable to tackle it.  At KSA Group we work with a wide range of financial analysts and systems professionals who can advise and help companies to restructure and survive. Providing new finance on better terms than existing providers is often crucial to a business's success and this is often another area that can be looked at.

Keith Steven has been turning around companies since 1999. Keith started his career as a retailer and experienced the savage recession of the 1990s first hand. He joined a specialist turnaround firm in London in 1994 and has helped set up two venture capital companies since, specialising in the distressed / turnaround sector. Since then he has focused on driving the delivery of free information to distressed business people and promoting the use of CVAs, innovative administrations and informal turnarounds.  Keith is a former director of the UK Turnaround Management Association and an associate of the Turnaround Finance Group. He is also the director of Cheswick Capital  There isn't much he hasn't seen, he is an entrepreneur and vastly experienced in turning around companies.  He was nominated as turnaround practitioner of the year 2014.

Talk to Keith directly if you want on 07833 240747 or email on

A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Feel you have got into a bit of a mess? Covid-19?, How to pay wages on pay day? For reassuring advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539

"KSA Group which owns this site, will help you fix problems in your business. We won't charge for any initial advice or face to face meetings. We speak in English. We will save you money and your precious time.  You can come to any of our offices

"We also follow up any meeting with a full "solutions report" which runs on average to 13 pages valuable free advice!!  No other practitioner offers this service.  In this report we advise on ALL the options and explain them clearly.  We advise on a course of action given the information you have given us ( the more information we have the better we can advise!)"

You are currently offline. Some pages or content may fail to load.