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1. Turnaround Management Strategies
Features:
The purpose of utilising Turnaround Management
Strategies is to help underperforming or financially
stressed businesses back to profitability utilising
our considerable experience and expertise combined
with access to the suit of Mindshop tools we are
able to quickly identify the causes of financial
stress and underperformance and to develop strategies
to assist the business to turnaround its performance.
Working closely with management and other stakeholders
we are able to provide assistance to deliver improved
financial performance which will deliver a number
of benefits.
Benefits:
- The continuance of the business and existing
entity
- Improved return to all stakeholders than would
otherwise be achieved
- Continue the employment of a majority or all
staff
- Avoids stigma associated with Administration
- A low cost alternative solution to formal insolvency
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2. Strategic Planning Reviews
Features:
Every organisation needs a plan. A failure to plan
is a plan for failure. P.A. Lucas & Co. in conjunction
with Mindshop provides a range of tools to make
the planning process practical and strategic. Sustainable
Competitive Advantage, SWOT Analysis, Strategic
Planning using the Mindshop Process provide the
strategy. Mindshop Tools, Project Teams and One
Page Plan provides the "How". This Mindshop
Solution is applicable to all organisations regardless
of size or industry.
Benefits:
- Is conducted in a logical and straightforward
manner.
- Leads to a one page "Business Plan"
identifying actions, responsibilities and timings.
- Can be regularly reviewed.
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3. Business Review
Features:
This product has two phases. The first phase is
a short quick review of a business, looking at its
financial position and performance, to identify
the key issues that are affecting the company's
performance and viability. The review will assess
the company's financial position and its solvency,
and will identify issues that require detailed investigations.
The second more detailed phase will not only look
at areas of further investigation, but will actually
conduct the necessary reviews to identify underlying
problems in the business.
Benefits:
- Identifies ways of improving the business's
performance.
- Develops strategies for improving performance
or dealing with the identified issues.
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4. Waste Reduction Solutions
Features:
Waste is present in every organisation. Removing
the waste is one of the easiest ways to increase
profit. Utilizing the "Toyota seven wastes"
approach as a simple auditing tool to identify waste
and then prioritise it. We have the tools to provide
the action plans, the resources to do the work and
the one page plan as the control document.
Benefits:
- The Waste Reduction "Solution" is
practical and applicable to any size organisation.
- Increases profit.
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5. Other Services
P.A. Lucas & Co. also offers the following
services:
Cash Flow and Financial Performance Monitoring
Features:
Key recommendations would have been identified
to the management and directors as to ways to improve
the business. The monitoring of cash flow and financial
performance would be an ongoing review process on
an agreed basis, i.e. monthly, quarterly, six monthly
or annually, where we would once again review and
monitor the ongoing financial performance of the
business to ensure its financial viability.
Benefits:
- Regular reporting on performance to ensure ongoing
success.
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Investigating Accountants Reports
This product is very similar to the business review.
If required by a secure creditor we can tailor these
investigations for their decision making process.
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Solvency Review
Features:
This product is aimed at reviewing a business's
financial position to determine whether it is solvent
or insolvent. It will entail a review of the company's
financial position to determine whether the company
is able to meet its debts as and when they fall
due. The report will also consider the relevant
case law in respect of the solvency, and provide
a report as to whether in our opinion the company
is solvent or insolvent as at a particular date.
The review will identify issues which may affect,
in the short term, the future solvency of a business.
As such, the review will consider the future cash
flow projections of the business.
Benefits:
- Allows company directors to consider the company's
solvency and determine their obligations if the
company is insolvent; or simply the comfort of
having a specialist report on solvency.
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Asset Structuring Review
Features:
To provide advice to directors as to how corporate
and personal financial affairs should be structured,
in the event of possible future insolvency to minmise
loss of existing assets.
Benefits:
- Reviews what assets would be at risk and what
steps can be taken to minimise the loss of assets
as a result of possible insolvency.
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Problem Debtor Support Program
Features:
It may, in circumstances that permit, require us
to complete a review of the debtor's business or
to speak on behalf of the supplier. In addition,
this program can provide support to people who have
had debtors enter into voluntary administration,
liquidation, receivership or bankruptcy. It will
provide for advice as to the rights of the creditor.
In circumstances where agreed; attendance at creditors
meetings on behalf of the creditor. Also, in certain
circumstances, attending to or representation on
committees of creditors or committees of inspection,
and general advice as to what steps the creditor
should be taking in respect of that particular administration.
Benefits:
- Assists in the collection of outstanding monies
or identifies the best result that can be obtained
from the collection.
- Provides recommendations as to whether legal
action should be taken to recover the debt or
whether the debt should be written off or compromised.
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Preference Payment Defences
Features:
This product is designed to allow people who are
being pursued for preferential payments to obtain
independent expert advice as to whether they have
in fact received a preference. Furthermore, it can
be used as a preventative tool to minimise the risk
of a preferential payment when one is receiving
money from a possible problem debtor.
Benefits:
- Reviews what defences may be available.
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Pre-Lending Reviews
Features:
This review is aimed at secured lenders who may
seek independent advice as to the financial viability
of the business in which they intend to lend or
invest. It involves a detailed review of the company's
financial position, business plans and strategies,
and overall financial viability, as well as the
review of future cash flows.
Benefits:
- Conforms with the lender's requirements.
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Security Value Review
Features:
This product is aimed at secured lenders and is
a review of the security position, identifying what
assets are available to meet any outstanding debt
Benefits:
- Ascertains what priority creditors there may
be that would rank ahead of the secured lender
in the case of insolvency.
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