Build wisely. Seek advice from Management Consultants London
Restructuring an organisation can involve reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Management Consultants London (MCL) will work with you to develop a more effective corporate structure. We can provide as little or as much assistance as you require, including communicating the new vision and negotiating the way forward.
If a business downsizes, its operational costs may decrease. For example, payroll expenses will be lower. Likewise, outsourced operations are usually less expensive than in-house labour. Businesses restructuring to introduce new technologies may enjoy increased operational efficiency. Records can become more accurate and easier to access if a business implements a better computerized filing system.
If a business downsizes during restructuring, it may lose highly skilled workers. Reassigning the duties of these workers to remaining the employees often involves added training expenses. Workers remaining after a downsizing often feel insecure about their jobs, which may lead to low worker morale and poor customer service. If a company’s restructuring involves new technology or changes in employee responsibilities, productivity may suffer while employees learn their new roles. The process must always be well managed.
There are 6 main options open to an insolvent company?
Company voluntary arrangements
Scheme of arrangement
Creditors’ voluntary liquidations
There are four main types of creditor:
Secured (split into security via fixed and floating charges);
Shareholders / members
Management Consultants London, MCL, will take a holistic approach and assist you throughout the whole process of change towards greater efficiency as we work with you to secure the long term future of your organisation.