Reviewing future prospects for a steel fabrication business

A business that is facing falling revenues, sometimes needs expert advice in order to give the directors an independent opinion of its future prospects because often they cannot see the wood for the trees.  

We completed a Business Options Review for this business, based in Birmingham, followed by Administrative Receivership.

A Business Options Review comprises a review of the industry sector, including current trends and success factors in the sector; an analysis of product- demand and competition; revenue growth analysis, including the division between organic and inorganic growth; a review sales projections with an analysis of geographic and customer segmentations; analysis of the impact of the seasons on cash flow and a general review of sales trends.

The business was being impacted by the credit crunch but the large number of customers involved in public sector construction projects meant a return to profit was possible.
The business failed to secure funding and was placed into Administrative Receivership from which it was bought by third party saving jobs as well as the business.

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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