Business Turnaround Specialists

Turnaround Management describes the skill of being able to help improve the results and performance of a business. However, it is not just relevant for companies in immediate financial distress, but also to those not realising their true potential or those with succession issues, capital issues or shareholder issues.

A company can face financial distress as a result of a number of factors – market failure, changes in demand from consumers, poor management decisions, and even fiscal fraud. This presents a unique set of challenges to management to turn looming failure into sustained growth and profitability and requires specialist turnaround consultants to assist in the process.

Turnaround Management originally commenced in the U.S. and has been a growing field in Australia dVT Group are proud to be associated with the Turnaround Management Association in Australia since its inception in 2004. This ensures that we remain up to date to help boost your business performance and restructure its affairs to allow it to return to normal, achieve stability and allow it to continue to succeed as a going concern.

Our approach is to tailor a program that specifically addresses the concerns and risks of the business and stakeholders, providing a more cost effective outcome for our clients.

We do this by:

  1. Assessing the company’s entire business process, objectively identifying any problems, the extent of the problems, existing issues and potential opportunities.
  2. We work with the relevant stakeholders to determine where you are and where you would like to be, we will only undertake a turnaround if we believe there is a sound underlying business to be turned around.
  3. We place great importance, not only on the implementation phase, but also on the continued monitoring and review. Results are monitored on a regular basis with reported outcomes provided to all relevant parties.
  4. We treat every assignment as unique and always maintain an impartial approach towards elevating the business and undertake strict levels of confidentiality.

Strategies are geared towards a company’s particular financial and market position, however, most will include the following:

Situation Analysis – development of strategies based on the company’s position and perceived future opportunities or threats;

Emergency Action Plans – short term strategies devised to maximise immediate cash flow and reduce further losses;

Business Restructuring – development and implementation of medium to long term plans to increase and sustain profitability;

Monitoring and Growth – change becomes the norm and the company’s performance is evaluated on an ongoing basis to determine whether strategies are effective.

Manufacturing Industry – market share under threat from competitors’ behaviour – establishment of management systems and controls, appointment of appropriate senior management to oversee operations, establishment of KPI’s and reporting systems and monitoring of results.

Primary Industry – national production facilities in Australia employing over 600 staff. The group needed organisational restructure, production cost cutting, implementation of best practice accounting processes, and a marketing strategy. Riad Tayeh of this firm was appointed interim CEO and achieved exceptional sustainable growth beyond the owners’ expectations.