This is the work of stabilising a company under real financial pressure and rebuilding it into something viable. You bring someone in when cash is tight, lenders are nervous, or the numbers have turned and the clock is now running.
When to hire an external consultant
Cash is the constraint and you need someone who can build the short-term forecast and the plan to survive the quarter.
Lenders or shareholders want a credible turnaround plan from someone independent, not more optimism from management.
The situation needs decisions the incumbent team is too close, or too conflicted, to make quickly.
Typical activities
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Building the short-term cash flow and finding the levers to stabilise liquidity fast.
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Diagnosing what’s actually broken: the cost base, the footprint, the contracts, the loss-making corners.
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Building the restructuring plan, from cost and operations to the harder structural moves.
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Handling the conversations with lenders, shareholders and other stakeholders that keep the plan alive.
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Driving the first weeks of delivery, when momentum and credibility are everything.