Financial Advisory

The economic difficulties facing businesses and individuals in Ireland are severe. The decline in construction and property markets, allied to the banking crisis and global recessionary trends have created a sharp decline in economic activity, business transactions and confidence levels and have prompted a considerable deterioration in public finances.

As a result, many businesses and individuals are facing what seem to be insurmountable financial problems.

Significant decline in activity is particularly evident in certain sectors. This is causing a deterioration in profitability and/or increasing losses, with consequent cash flow issues, and an apparent dearth of solutions to liquidity problems. The relationship between debtors and suppliers is changing with a reduction in supplier confidence. Business issues are also having an impact on owner managers of businesses, many of whom are significantly indebted arising from personal investment decisions taken in recent years. Furthermore the change in global markets has caused a significant depletion in wealth and pension provision. With high business and personal debt levels, the specter of personal guarantee being called is causing significant stress for business owners.

While prospects may seem bleak, however, solutions can be found. The resolution of these issues however require a quick and timely response before the issues become over bearing and beyond resolution. Mazars is a specialist advisory firm to medium sized and owner-managed business sectors. In response to these unprecedented conditions we have formed a multi disciplinary team to devise appropriate and workable solutions for business owners and business stakeholders. At Mazars we believe that identification and analysis of underperformance and corporate failure are key to establishing the remedial actions to restore a business to full financial health. The process of recovery to financial health incorporates three phases:

  1. Analysis of the exact financial position and contributors to financial performance,
  2. Planning to consider the recovery options and the creation of a viable restructuring plan,
  3. Implementation by way of open communication, flexibility and realistic expectations with timely delivery.

This framework is applied to all recovery situations, which may include:

Where recovery actions are limited Mazars have a dedicated insolvency unit that can guide and advise business owners through the complex and stressful processes of insolvency, including:

Our multi disciplinary team have first class relationships with the legal and banking sector to ensure appropriate recognised solutions can be delivered. Mission critical assignments of this nature are by their definition undertaken by senior personnel at the firm at director and partner level.

For more information email businessturnaroundinsolvency@mazars.ie

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Business Turnaround Solutions

Traditionally business difficulties can evolve over time or could result from a catastrophic incident such as failure of a major customer, supplier or deterioration in human resource management.In the current climate businesses are experiencing sudden drops in activity levels which contribute to cash flow shortages and an inability to meet banking or supplier obligations.

Cost Saving Programmes & Employee Relations

All businesses are under severe pressure to maintain trading levels and to manage costs. Employee relations are of significant importance in this situation. Unfortunately, in some cases, businesses are in a position where they must cut employee costs, either through changing terms and conditions, reducing salaries or making redundancies, in order to ensure the survival of the company.

Forensic & Investigation Services

Are you involved in a dispute or considering legal action? Are you concerned about fraud in your business? Fraud or misconduct can be very costly to a business, in terms of both time and money. Early intervention from specialist support can help to minimise this cost by finding the earliest and most cost efficient solution possible.

Personal Debt Solutions

Since the the downturn business people and investors have been looking frantically at how the recession has impacted on their net worth and solvency. They are facing a decrease in the value of their property and equity investments funded by borrowings that now are greater than the value of those investments.

Debt Restructuring

Many borrowers are coming under pressure to maintain both interest and capital repayments. This applies across all sectors of the economy and in particular to the construction industry.

Insolvency

The evolution of Company Law in the 1990's and beyond has resulted in considerable changes in the whole insolvency area. Insolvencies have become more serious environments for company directors and indeed for liquidators, receivers and examiners. Having enjoyed the benefits of a buoyant economy business is rediscovering the degrees inherent in mismanagement and misfortune in more volatile trading environment.

Transaction Services

A transaction is one of the most complex and risky endeavors a business can undertake. As a buyer, you want to be sure you are making the right acquisition. You need to anticipate the risks and issues that may arise.

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