Tph Proven 4 Step Method to Turnaround Your business

Let’s Build a Plan to Turnaround your Business

If you are like most SME owners or directors, you have probably put a lot and time and energy into your business. You have probably also had limited experience with turning around struggling businesses. And you might be unsure whether to walk away from the business or have a go at keeping it going. You might also be unsure whether your business is trading insolvently and the personal ramifications that follow from that.

Our unique TPH Turnaround Program provides a systematic approach that is tailored to your specific situation. Based on criteria which is pre-agreed with our clients, this Program has a 100% success rate.

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tph step by step business turnaround strategy program

This table highlights the steps that tph will take in formulating the strategies to analyse your business using tph proven methods to achieve highly successful results.

tph has served many businesses to provide a pathway to success. This comes from many years of experience working across multiple industries to achieve the best outcomes for all parties.

Our 4 Stage Approach

Our program is based on 4 stages with specific work in each stage

Company Restructuring

Turning the ‘solvency’ position of a business around is a challenging task. There are many obstacles, both legal and practical, that need to be addressed, and these include:

  • Defaulting on loan agreements;
  • Overdue taxes;
  • Supplier’s terms and conditions not being met; and
  • Employee entitlements not being funded.

TPH will explain all the elements of turning a business around and also provide you with alternate programs depending on the legal obligations, priorities and risk appetite.

Our clear and transparent terms of engagement consider:

  • Phoenix transactions such as fair value asset sales and transfers;
  • Lender/supplier debt standstill and compromise arrangements;
  • Insolvent trading risks for directors and holding companies; and
  • Sourcing and introducing alternative forms of finance.

Company Restructuring

Once a solvency analysis is undertaken, TPH will recommend a turnaround strategy involving either a formal, informal or mixture of the two restructuring approaches. Management can then decide which approach to adopt working closely with TPH.

Formal Restructuring

On many occasions an ‘Informal’ approach will not achieve the objectives due to a critical factor that can’t be informally altered e.g. primary suppliers won’t renegotiate terms, too many creditors to deal with, and too many operational matters to balance.

Once a formal restructure is recommended by TPH then we then work with the company to implement formal appointments, which are commonly Voluntary Administrations and Deeds of Company Arrangements.

Informal Turnaround

An informal turnaround approach will adopt a variety of strategies and tactics to bring together a workable solution, including:

  • Refinancing and renegotiation with financial institutions;
  • Creditors terms being renegotiated;
  • Employees terms of employment explored and restructured where necessary;
  • Infrastructure needs analysed;
  • Sale and/or transfer of business structure; and
  • Creation of new trading entities.

Each assignment has different components, therefore, TPH works closely with management, pulling the business through this typically tricky period.

Let’s Formulate your best solution?

We need to get some details to get you started, All information is kept strictly confidential, (see privacy policy). tph evaluates you and your unique situation in order to craft a series of creative solutions to give you a fresh start.

Timothy Heesh
CEO & Senior Strategy Manager
Restructure, Turnaround & Insolvency

Why work with us?

Aligned with the best resources

Tailored Smart Solutions

tph Difference

A Fresh Start Begins with a Free Consultation with tph Advisory

When a business goes through difficult times it can feel like you are in a boxing match having gone 10 rounds with banks, landlords and creditors.

tph is in your corner giving you all the tools and expert advice to navigate the best outcomes for all parties. Think of tph as the referee guiding you through, ensuring that all parties play by the rules.

Each situation is unique and requires a tailored approach, we understand there are difficult problems that require creative solutions. That’s the tph difference, experienced practitioners with more than 30 years of knowledge in the industry. That’s how you know you are getting the best advice to transition you and your business.