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Overview
Following the expiration of the Revenue debt warehousing scheme, an increase in minimum wage and in a constrained lending environment, companies must also deal with rising interest rates, continued supply chain issues and labour shortages. All these factors suggest the Irish economy faces challenges in the medium term, and many previously robust businesses are struggling to identify solutions to these issues, which is undermining their viability.
At RSM we work with our Consulting colleagues from Restructuring Advisory, HR Transformation and Change, Corporate Finance and Technology to assist clients in reviewing, resetting, and rebuilding their business model.
Review
Despite having survived a global pandemic, some companies still face challenges. While many companies seem financially healthy – trade is good, and they have cash in the bank, some have built-up significant creditor arrears, including rent and Revenue debts – driving the need for a rigorous review process.
Reset
Is your business fundamentally viable, but held back by an inflexible cost base or loss-making contracts?
After identifying the key internal and external factors adversely affecting performance, changes can be made to reset your business, ensuring it is best placed to compete in the current trading environment and to exploit future opportunities.
Rebuild
While the Irish economy as a whole has performed well in the aftermath of a global pandemic, raise in interest rates and inflation, some sectors continue to be adversely affected. Businesses must be resilient and flexible in their response to changes in the market to increase profitability and be best positioned to rebuild.
Contact us for advice on how to restructure your business for growth
