Identify
It is vital to gain a timely and accurate understanding of the issues facing a distressed business. Our tailored business review utilises financial, legal and operational professionals experienced in the U.K. motor trade to rapidly gain an insight into the current situation and the options available.
A typical scope of work could include;
- a review of the immediate / short-term funding requirements, identifying key risks and opportunities;
- an assessment of the business and operations, including the specific market environment and strategic plans;
- a review and understanding of recent trading and cash flow performance, identifying the real drivers of underperformance;
- an assessment of the financial / information management systems and the financial control environment, advising on areas for improvement;
- a review of the management and organisational structure;
- a review of compliance with both banking and franchise financial covenants;
- a review of financial forecasts and underlying assumptions, identifying key cash, trading and balance sheet sensitivities; and
- the preparation of a statement showing the stakeholder's security position.