Business recovery and turnaround is about improving profit, increasing cash in the bank, and reducing debt.
Due to the tough economic climate in the UK, a large number of small businesses are trading insolvent. The definition used by HMRC, for a business trading insolvent is, 'Unable to cover debts, as they fall due'. By trading insolvent, the directors of the business become personally liable for any debts owed by the business.
It normally takes us between 30-90 days to transform a business & turn it around, but this is dependent on how long it's been distressed.