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BUSINESS RESTRUCTURING ADVISORY SERVICES

Is your business grappling with cash flow issues, increased debt, or operational inefficiencies? At Inquesta, we specialise in helping companies facing financial distress regain stability and profitability through bespoke business restructuring services.

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What is Restructuring in Business?

Business restructuring is the comprehensive review, assessment, and realignment of a company’s operations in order to address financial challenges and areas of inefficiencies. It is a strategic process designed to help stabilise a struggling business before guiding it back towards a more positive position. 

While every restructuring plan is unique to the needs of the company in question, it will generally involve a combination of financial, operational, and staffing changes — all aimed at improving the overall performance of the business. Restructuring may focus on cutting out unnecessary costs, renegotiating debt, or reworking operational processes to adapt to changing market conditions/customer preferences. 

The core goal of a business restructuring is to not only correct the immediate area of concern, but also to attempt to create a more sustainable, efficient structure for the future. Whether this is done by refining the business model or making organisational adjustments, the restructuring process aims to increase resilience and, ultimately, restore profitability. 

Through an expert business restructuring service, companies can navigate through financial difficulties with a much clearer path towards recovery, renewed strength, and long-term success.

When to Consider Business Restructuring

The root-causes that lead a business to consider some form of business restructuring will vary. Examples of some of these reasons include: 

  • Cash Flow Problems: Prolonged periods of inconsistent revenue or rising operational costs can result in issues of liquidity. This can threaten a firm’s ability to meet its obligations if allowed to continue unresolved.
  • Rising Debt Levels: If debt levels are allowed to grow and grow, it can seriously hinder the company’s ability to expand and ultimately lead to potential insolvency if not addressed properly. 
  • Operational Inefficiencies: Allocating high levels of resources to underperforming areas can drag your business down over time. 
  • Shifts in Market: Changes in what the market demands can necessitate an overhaul if you want to remain viable and competitive. This is also true of disruptive competitors or the introduction of new regulations.

As a company director, it’s important that you quickly recognise the common warning signs that precede business restructurings. If you are struggling with any of the above, it may be time to speak to an expert and find out what your options are to secure a more sustainable future.

Benefits of Business Restructurings

There are a number of noteworthy benefits of business restructurings for struggling companies, including: 

  • Increased Efficiency: Restructuring will often remove unnecessary layers in the chain of management — likely opening up lines of communication between teams. 
  • Productivity Boost: Business restructurings can bring about new systems and structures. This can make the entire workflow and operation more productive. 
  • Operations Continue: Financial issues can spiral and lead to the company shutting down. Restructuring allows operations to continue, while addressing their actual issues. 
  • Improved Financial Health: By tackling some of the core problems such as debt levels and cash flow issues, businesses are able to recover and become more sustainable. 
  • New Opportunities: Business restructuring can even provide a fresh opportunity for a company. A more efficient and streamlined operation opens up the potential to pursue new opportunities.

Download our FREE Guide to Liquidation

While a partnership voluntary arrangement does offer a lifeline for struggling partnerships, it’s by no means guaranteed to succeed in every case. If the partnership is unable to meet the terms of repayment, or it becomes clear that recovery is no longer viable, the next steps may be to consider closure, including liquidation options. 

Liquidation involves winding down the business and distributing assets to satisfy creditors. It’s a complex process, with various legal and financial implications — understanding this is key. For a comprehensive guide on what liquidation entails, download our dedicated Liquidation guide to learn more.

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How to Restructure Your Business

At Inquesta, we take a tailored approach to our business restructuring service. Thanks to our extensive experience in the field, we understand better than most that no two companies face the same challenges and issues — this will, in turn, mean that their business restructurings will also be distinct. Our process is designed to be as comprehensive as possible, while maintaining adaptability should any new information arise that might affect how your business can respond to its financial and operational difficulties. 

While each business restructuring we undertake will differ from the last, there are some consistent steps that will ensure the process is completed properly. Here’s how we will guide you through each stage of your restructuring journey:

Initial Assessment

The first step in any successful business restructuring will be a deep dive into the company in question’s financial situation. The Inquesta expert team will conduct a thorough evaluation of your business’s current and historic levels of cash flow and debt, its market position, as well as assessing the operation to find any areas of inefficiency. 

The goal of this review is to identify what is actually causing the issues the business has been dealing with. It’s important to determine whether they stem from external or internal issues, and if they’re internal, it’s useful to try to locate which specific areas might be at fault. By gaining a better understanding of how your business operates, inside and out, our team can ensure that any restructuring efforts address the actual issues and not just cater to the symptoms.

Strategy Development

Once we’ve undertaken the initial assessment, we will collaborate with upper-management and develop a comprehensive business restructuring plan. This strategy should align with your company goals — in both the short, medium, and long-term. 

This strategy can include measures to reduce costs, streamline the operation for efficiency, consideration of refinancing options, or potential methods to restructure the existing level of debt.

The goal of business restructurings is to put a company on a sustainable path towards recovery without needing to kneecap areas of core strengths. Therefore, the strategy should follow suit.

Creditor Negotiations

An integral part of many successful business restructurings will be the opening of negotiations with current creditors. If a firm is facing financial issues, it is likely that there may also be creditors present. It is important to reach out to these parties before starting the restructuring process — to ensure that all parties are on the same page wherever possible. 

At Inquesta, thanks to our extensive experience helping ailing businesses to either shut their doors or keep them open, we are the ideal party to bridge between your business and your creditors. Our team of experts are perfectly placed to negotiate affordable repayment terms that would be manageable for your company, while also satisfying creditor demands — keeping the threat of insolvency at bay. 

Our extensive experience in recovery and restructuring allows us to oversee negotiation and securing terms that would be beneficial for all parties involved. 

Implementation and Monitoring

Once the strategy has been agreed upon, and creditor negotiations are in the rearview mirror, we will then move onto the actual implementation of the plans. However, our business restructuring service is all-encompassing. This means that we won’t just set the plans in motion and step back — we will remain actively involved through, offering support at each stage in the process. We are available to monitor progress and make any adjustments that may be necessary.

This continuous level of oversight and support can be instrumental in preventing a new challenge or issue which could derail your business restructuring process, and ultimately your recovery.

Completion and Recovery

The ultimate goal of the Inquesta business restructuring advisory service is to help guide your business back to a state of financial health and security. With the foundations of improved cash flow, reduced debt, and a more efficient operation in place, your company should be positioned for greater stability. It will also be better prepared for long-term growth and success. At Inquesta, we aim to provide you with the tools and strategies you need to thrive once the restructuring process is complete. 

Inquesta: Guiding Your Business Back to Stability

Facing financial challenges can be daunting for any business, especially when cash flow issues, rising debt, or operational inefficiencies threaten your company’s future. However, with the right guidance and expertise, there’s always a pathway to recovery there for you. 

At Inquesta, we are 100% dedicated to providing tailored business restructuring services designed to address the unique challenges you might face. Our team will work closely with you to develop a bespoke strategy aimed at stabilising your operations and restoring profitability. 

Whether it’s streamlining processes, reducing costs, or negotiating with creditors, we’ve helped businesses across a wide range of industries navigate through financial distress and emerge in a strong position.

Ready to regain control and rebuild your business for future success? Reach out to Inquesta for a consultation today and let us guide you towards a brighter tomorrow.

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Meet the Director

At Inquesta we offer a director-led service. Our dedicated, expert team is ideally positioned to support you through business restructurings and beyond. 

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Steven Wiseglass

Director of Insolvency

A co-founder of Inquesta, Steven is a licensed Insolvency Practitioner with over a decade of experience in the field. He is a member of the Insolvency Practitioners Association, Association of Business Recovery Professionals (R3), and his insolvency licence is issued by the Insolvency Practitioners Association. In addition, he sits on the R3 committee of the North West Regional Committee.

Steven specialises in advising directors of small to medium-sized businesses, and has a wealth of expertise in providing the most appropriate advice whatever the firm’s circumstances may be. He has also been instrumental in helping company directors save their business and rebuild them into successful enterprises.

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