Business Turnaround and Restructuring

One of the most daunting things to face as a business owner is a business turnaround or restructure.

You must acknowledge that your company is struggling. You must put in a lot of effort to improve your business. And you must choose the right partners to help and advise you.

At Byronvale Advisors, we understand and sympathise with the many financial, operational, and personal challenges that come with a business turnaround or restructure.

Over 25 years of experience as business recovery consultants, we have rescued countless businesses throughout Melbourne and Australia with our refined company restructuring and turnaround solutions.

But where do you start? As a business owner trying to implement a business turnaround or restructure, you’ll be asking yourself many questions, such as

● How to save a business from going under?

● How to restructure a company to increase profits?

● What is a business recovery plan?

● How do you implement a turnaround strategy?

● What are the types of restructuring?

● How long does it take to restructure a company?

● What should be the first step in the turnaround management process?

Under the leadership of our principal, Stephen Barnes, we established ourselves as trusted business turnaround management specialists across Melbourne and Australia, guided by his mantra of helping businesses run better.

That’s why we’re confident we can help you answer your pressing questions and develop the solutions you need to help you run your business better.

As turnaround and restructuring consultants, our work includes:

Strategy and business model reviews

Avoid trouble before it starts. We comprehensively review your business to identify its financial status, operational efficiency, and market position to devise a recovery plan to make the changes that ensure your business stays afloat.

Crisis stabilisation

To steer away from the iceberg, we must first steady the ship. We work with you to maintain the liquidity of funds by developing and implementing systems to manage cashflow and reduce costs. This gives us a clear picture of the resources at hand to build a business recovery plan.

Business turnaround management

Regardless of company or industry, the key to recovering a sick company is the same: it relies on a robust plan. We work with you through our 7 key business turnaround components across 4 phases to get your business running better.

Creditor advisory

We help you manage financing relationships with your stakeholders by negotiating terms with lenders using information gathered from business planning and cash flow forecasting to achieve favorable repayment terms.

Operations and financial management

We review your present management systems to identify the inefficiencies that are slowing your business down and then build solutions to not only improve company performance but avoid inefficiencies altogether.

Corporate restructuring

We want to help you make your business lean and agile. We work with you to simplify, remove and rationalise ineffective group structures and establish a clear chain of communication between all departments.

We believe that a hands-on approach to business turnaround and restructuring is the best way to recover an ailing business. We deliver this approach through a consulting method that draws on Melbourne and Australian business experts who specialise in multiple business disciplines and industries.

Our teams will quickly understand the nature and circumstances of your business, and tailor the best business turnaround and restructuring solution for you so you can run your business better.