Dealing with creditors (particularly pressing) when a business is in distress isn’t something that any management team enjoys.
It is always uncomfortable dealing with people with whom a good relationship existed previously and if done incorrectly, you risk hostility and the possibility that unhappy creditors make take steps to create unnecessary disruption to the business when there are alternatives that can be explored.
Turnaround practitioners specialise in helping companies in distressed situations and are experienced in dealing with all types of creditors who often want different outcomes and have differing priorities and give the management team reassurance and guidance on what steps to take with confidence.
Professional involvement from a turnaround professional can also give confidence to weary, frustrated creditors and having experienced, independent and objective advisers will greatly increase the chances of a successful collaboration and outcome.
BM&T Generator have the right experts to help → G2G@gotogenerator.co.uk
Contact us for support.
About GoTo Generator
Generator are senior specialists collaborating in teams on projects to deliver value-based outcomes.
Our promise to our clients:
- We deliver outcomes faster and more efficiently than individual providers
- We operate an expertise-based model which means the senior specialists who take on the project PLAN, EXECUTE and DELIVER the project
- We share our experience and expertise using our hands-on approach
- We deliver faster results often achieving multiples of ROI on EBITDA/Cash
- We work with companies who have a strong desire and ambition to grow, accepting that change is part of that process.