Turnaround is recovering insolvent or potentially insolvent businesses from bankruptcy actions by achieving financial and operational stability. This is possible by maximising creditors’ interests at the same time as those of employees, directors/managers and owners.
Business Turnaround / Corporate Recovery
A business that is in a difficult economic situation but still considered economically viable, is not necessarily a company set to close or fail. It can begin a process of recovery.
With its specialised professionals, Tribase creates projects to recover your business through the implementation of new tools and management instruments, in order to once again achieve financial balance. We are here to help you define a strategy that allows your company’s continuing presence in the market.
Tribase is able to present an intervention plan for your company, thus enabling:
- Recovery of its social affairs
- Recovery of its financial affairs
- Recovery of its economic affairs
- Recovery of the confidence of all those involved
- Increased productivity
- Increased competitiveness
- Increased Profitability
The process of business recovery involves several stages. Tribase aims to give support in each of these phases, thus facilitating the control and execution of the recovery plan:
- Feasibility study
- Renegotiation of debt
- Credit recovery
- Company restructuring
- Alienation of Assets