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Restructuring success story

Watch the real-life success story of how a UK manufacturing business was turned around after recruiting the support of an ICAEW Insolvency Practitioner.

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Watch the real-life success story of how a UK manufacturing business was turned around after recruiting the support of an ICAEW Insolvency Practitioner. Learn how the business owner identified that his firm needed support and what action was taken to find the best solution for the business and its creditors.

In these videos you will hear the story of Fraser, the MD of a manufacturing business, who takes us on his journey from recognising when the company was getting into difficulty and seeking a specialist adviser, through to the challenging decisions that had to be faced to change his firm's fortunes.

In the second video you hear from, Tyrone, a licensed ICAEW Insolvency Practitioner and a turnaround specialist, who outlines the choices that were faced by the business and the steps that had to be taken to find the best solution for the business owners and creditors.

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Business recovery and insolvency – the client’s dilemma
In this video the business owner takes us on his journey from recognising when the company was getting into difficulty and seeking a specialist adviser (a licensed ICAEW insolvency practitioner) through to the challenging decisions that had to be faced in order to reach a successful outcome. This has resulted in a flourishing business, with the director sharing lessons learnt - to seek early advice!
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The professional adviser's perspective
In this video the licensed ICAEW insolvency practitioner addresses the clients’ dilemma and the choices that were faced by the business. It explains the steps that had to be understood and addressed in order to reach an optimal solution for the business owners and creditors - specifically HMRC, as well as staff, to bring about a successful business turnaround.
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More support

PDF (154kb)

ICAEW has produced a guide to guide to help businesses facing financial difficulty. It offers information on how to spot when you need help, the options available and potential outcomes that can support business recover.

Download