UK Business Update: Turnarounds – Seizing New Opportunities

Businesses are emerging from one of the most challenging periods in history. The combination of a rapidly evolving technological landscape, changing customer demands and, of course, Brexit and the COVID-19 pandemic is sure to have long-lasting effects on many businesses. There are also a number of factors that could lead to a business needing a turnaround regardless of the economic backdrop, including an unexpected shock to the company or overtrading.  However, while a turnaround is no doubt a challenging experience, the process can also bring significant opportunities for businesses to pivot, adapt, and find their place in the new economy, whether that’s by embracing digitisation and Industry 4.0, focusing on going green, or introducing more agile working practices to suit the modern workforce.

Our market-leading Restructuring & Insolvency team has contributed to “Turnarounds – Seizing New Opportunities”, a publication written in partnership with Lloyds Banking Group and Bank of Scotland, which will guide you through the process of undergoing a business turnaround. It covers everything from how to stabilise your business, build stakeholder support and determine the right restructuring options, right through to rebuilding your team and positioning yourself for growth and building resilience.  Please request a copy using the below email.

By Michael Thomson & Allana Sweeney, Burness Paull LLP, Scotland, a Transatlantic Law International Affiliated Firm.  

For further information or for any assistance please contact ukscotland@transatlanticlaw.com

Disclaimer: Transatlantic Law International Limited is a UK registered limited liability company providing international business and legal solutions through its own resources and the expertise of over 105 affiliated independent law firms in over 95 countries worldwide. This article is for background information only and provided in the context of the applicable law when published and does not constitute legal advice and cannot be relied on as such for any matter. Legal advice may be provided subject to the retention of Transatlantic Law International Limited’s services and its governing terms and conditions of service. Transatlantic Law International Limited, based at 42 Brook Street, London W1K 5DB, United Kingdom, is registered with Companies House, Reg Nr. 361484, with its registered address at 83 Cambridge Street, London SW1V 4PS, United Kingdom.