Telephone: 01249 859258

© Principle Partners Ltd 2010. All Rights Reserved.

Business turnaround  

It's no secret that the Printing Industry is in an immensely challenging situation, if you own a printing business you are fully aware of the underlying causes. Many print businesses have struggled along for years and the recession has now brought many of them to the brink of collapse.

If you are worried that your business can not survive in the short-term then please contact us as soon as possible. We work with a broad range of associates and partners that are able to offer quick and invaluable advice in these "turnaround" situations.

The key in these situations is to get objective advice. Too often we see people given counter-productive advice by parties who are unable to be impartial.

Every turnaround situation is a little different but broadly these are the steps that we will take:

• Financial Review - It's likely that the business will need money and quickly, but first we need to assess whether the business is viable. If it is then we can look at raising funds, improving liquidity to secure the short term situation.
• Develop a strategy and written plan - We need to document a strategy to save the business and the actions that need to be taken in the short, medium and long term. This plan will be the yardstick of the businesses improvement as we move forward.
• Communication strategy - As well as meeting with the key members of your staff and management team it's also likely we'll have to facilitate discussions with creditors, the bank and maybe even key customers.
• Implemention - Our associates will meet with you and your team regularly to make sure that all the agreed steps are being taken  and to agree future steps
• Monitor and Measure - Part of the ongoing discussions are to make sure that the financial and non-financial targets are being hit and their effectiveness is regularly reviewed.

Consider this...

1. We will sign NDA agreements immediately we are engaged but you must be prepared to share every piece of information about your business with us. It's also likely we'll need to understand your personal financial situation.
2. If you are not prepared to be completely transparent about your commercial and personal financial situation then we can't help you.
3. Our first priority is to protect the business owner interests
4. You as the owner have to accept our recommendations and allow us to take "business saving decisions"
5. If you are worried about the future of your print business then phone us on 01249 859258 for a FREE completely private and confidential initial telephone consultation.

Turnaround