The Managing Recovery Report
All businesses reach crossroads, and when
the way forward needs to be appraised, the management or its
bankers may identify this need. It is not necessarily a crisis
time, but fundamental decisions may need to be taken to support
the company's financial position as it moves forward.
The P&A
Partnership's dedicated team of Chartered Accountants is well
versed in corporate financing. The value of "Managing
Recovery Reports" is well recognised by banks and their
clients.
The review, which is independent, explores:
- the current financial position;
- the business strategy;
- the business viability;
- the trading projections;
- management capability;
- the true worth of bank
and other lenders' security;
- the level of ongoing bank support.
The recommendations
will include:
- structure of facilities and alternative financing
options and security support needed to support a turnaround
plan;
- customer/bank reporting requirements;
- profit
and cash flow improvement plans;
- changes to the corporate structure
and management where appropriate;
- an action plan agreed with
the client.
The benefits include:
- a consensus on the way forward;;
- the flagging
of potential problems;
- a discipline for management;
- the identification
of opportunities for profit improvement;
- a level of comfort for
the lender;
- a less threatening review than a viability
report;
- usefulness to management.
The report and recommendations
will be made in a presentation to the bank and client, as appropriate.
There can be a follow-up review, normally after three months, to check
that plans,
monitoring
and procedural recommendations have
been put in place.
There is a fee for this service, agreed at
the time instructions are given.
