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.