Business Recovery Turn-Around Success

NS Murphy were engaged to act as business advisers, at the eleventh hour, to a high profile, well known and previously successful multi-million pound business who were in imminent danger of falling into administration.

A depressed market, some unfortunate business decisions and ever increasing delays in payment from existing suppliers meant that the client’s bank had refused any further funding or support to the business. The relationship with the bank had completely broken down and the bank had formally started the review process in advance of formally moving into the administration process.

NS Murphy worked to develop a tactical and strategic recovery plan for the client with the respective bank and appointed reviewer, rebuilding the fractured relationship between the respective parties, which prevented administration from being enacted.

New finances have been raised and support mechanisms have been introduced into the business with a formal and time-lined restructuring package introduced which has meant that the business is now formally out of the review process and is now confidently looking to the future and new business opportunities.