Restructuring

Build wisely. Seek advice from Management Consultants London

Build wisely. Seek advice from Management Consultants London

 

Restructuring

Restructuring

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.

Benefits:

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.
Disadvantages: 
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.

Business Insolvency

There are 6 main options open to an insolvent company?
Administration
Company voluntary arrangements
Scheme of arrangement
Administrative receiverships
Compulsory liquidations
Creditors’ voluntary liquidations
There are four main types of creditor:
Secured (split into security via fixed and floating charges);
Preferential;
Unsecured; and
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.