Providing professional turnaround and work out services for the Leisure and Licensed Trade Sectors
Individuals and groups sometimes invest heavily in the highly competitive leisure and licensed trade sectors without the expertise required to drive turnover and maximise profits. Poor cash flow, lack of experience or an inability to assess and provide for the needs of a volatile market highlight the necessity for tight financial controls and the effective management of well-trained, flexible staff who are geared to serving the needs of clients and the public. Above all, an understanding of, and an ability to implement targeted marketing programmes are both essential for success.
Small to medium sized firms and independent operators can find themselves alone with little or no support when things go wrong. Without early and effective intervention, problems can quickly have a devastating effect and leave secured lenders with too few options.
Such lenders often see the fortunes of a business faltering in terms of sales and profits, but do not necessarily have the resources or specific knowledge available to address the problem. Whenever possible, they would prefer to avoid enforcing security and thus incurring the associated costs, which can often be significant.
