Turnaround plan

Is your company experiencing financial difficulties?

IT MAY NOT BE TOO LATE TO ENSURE ITS SURVIVAL.

A COMPANY IN DEBT IS NOT NECESSARILY ON THE VERGE OF BANKRUPTCY!

In many cases, financial difficulties are linked to an ineffective management model. By dealing with a qualified syndic who listens to your needs, you will be able to draw up a financial turnaround that will help you get back on track.

The process comprises 4 main stages. Rest assured that our financial advisors will support and guide you through the entire process.

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Identify your company's strengths and weaknesses

Before drawing up a turnaround plan, we first need to conduct a study of your situation, identifying your company's strengths and weaknesses.

What are the strengths you can and must build on to get back on track? You also need to be able to pinpoint your weaknesses. At this stage, you need to identify the causes of your losses.

This analysis will be carried out jointly with our syndic, will enable you to draw up an appropriate plan tailored to the reality of your business.

Market and competitor analysis

We also need to put this reflection into perspective with an analysis of the external environment:

  • Who are your customers?
  • What are their needs and expectations?
  • Who are your main competitors?
  • What are their competitive advantages?
  • How do your competitors meet demand?

Drawing up a recovery plan

Once the analysis has been completed, the syndic will be able to establish a diagnosis of your financial health so that we can propose remedial measures.

The expertise of our financial turnaround consultants is a real asset to the survival of your business. Our advisors are qualified and attentive to your needsThey'll guide you through the strategy you need to take to turn your company's financial situation around.

They will advise you based on their expertise in this type of situation, but also on your own financial situation.

Put every chance of success on your side by opting for a plan that's right for your business.

THE 4-STEP RECOVERY PLAN

  • Identify your company's strengths and weaknesses
  • Market and competitor analysis
  • Drawing up a recovery plan
  • Implementation of recovery measures

Implementation of recovery measures

Our advisors can help youdrawing up the planbut also in its application. They can ensure that your financial partners, as well as the members of your company, cooperate effectively.

SOME TIPS FOR IMPLEMENTING RECOVERY MEASURES :

  • Meet deadlines.
  • Ensure the implementation of measures in each of your company's departments.
  • Make any necessary changes to the plan if unforeseen circumstances arise.
  • Analyze the evolution and progress of your company's financial health following the changes.
Call in the experts for your recovery plan

Take control of your finances by making an appointment with one of the financial advisors on the N.Séguin inc. team today. Your first consultation with our syndic is free, completely confidential and without obligation. Just give us a call!

YOU'VE ALREADY DONE THE EXERCISE AND IT DIDN'T HAVE THE DESIRED EFFECT?

See our sections for more information on the alternatives available to you:

  • The concordatory proposal: this alternative consists of negotiations with the creditors to adjust the amounts payable by extending the repayment period and stopping interest payments
  • Visit commercial bankruptcy This alternative consists of putting an end to your business activities in order to free yourself from your debts.