Do you need professional advice to steer your business through a difficult period of financial and operational problems? Could an analysis of your strategy and management systems help you turn around its performance and give you the skills to succeed?
Firms of all sizes in the construction industry face many challenges, from tendering for jobs to monitoring cash flow and recruitment and ensuring the bills are paid – and that others pay you.
Naismiths’ experts work closely with your senior team to assess your issues and the best ways to tackle them for a successful, long-lasting and profitable future.
We have advised countless businesses to make the restructuring process as efficient and pain-free as possible to drive improvement and growth.
What is restructuring in business?
We are particularly skilled in helping legacy, or generational, businesses with a strong reputation for the quality of their work that have grown in size but need to update their management systems.
We can relieve the pressures of the day-to-day operation by advising on their profit and loss budgets, break-even analysis, job-costing systems, ensuring sufficient margins to cover overheads and managing credit lines and debt to enable their continued growth.
Construction firms win work through competitive tendering – we know the software and systems that could be tailored to their businesses to help them tender accurately and consistently. Integrating modern monitoring processes can help firms to reflect, adapt and repeat.
What is asset recovery in business?
Like other sectors across the board, investing in construction industry projects can involve a great deal of risk – so financiers and bankers need to be confident that they will see a return on their investments.
Our team understands the nuances of construction contracts, looking at performance and recovery rates. We advise businesses on the best ways to improve efficiency, profit and grow effectively though a full analysis of their systems and procedures and ensuring they have robust debt recovery plans.
Which clients are suitable for our business advisory services?
Asset recovery enables specialists to provide a quick and comprehensive service, that takes the challenges and complexities of repossession in the most efficient – and sensitive – way possible.
Whether your assets have been wrongfully transferred, embezzled, or simply lost in the complexities of financial transactions, our experienced team employs cutting-edge techniques and legal expertise to track, locate, and recover your valuable assets.
How can Naismiths help construction firms to transform their businesses?
We are particularly skilled in helping legacy, or generational, businesses with a strong reputation for the quality of their work that have grown in size but need to update their management systems.
We can relieve the pressures of the day-to-day operation by advising on their profit and loss budgets, break-even analysis, job-costing systems, ensuring sufficient margins to cover overheads and managing credit lines and debt to enable their continued growth.
Construction firms win work through competitive tendering – we know the software and systems that could be tailored to their businesses to help them tender accurately and consistently. Integrating modern monitoring processes can help firms to reflect, adapt and repeat.
How do Naismiths deal with insolvency and distressed developments?
We support insolvency practitioners appointed as administrators to deal with businesses and organisations in a distressed situation through a legal process. Our services will help them decide if the company can be rescued
The sooner we are involved, the more options there are before businesses deeply in distress have to deal with winding up petitions for not paying their suppliers, or face potential liquidation. Finding the most suitable, pain-free solutions could help them continue to trade under administration.
Our experts also provide essential hands-on commercial advice and expert insight on business restructuring to safeguard against any future problems.
What business restructuring and advisory services does Naismiths provide?
Naismiths can help with a wide range of business needs. Here are some examples at a glance:
We act for insolvency practitioners to give an in-depth review of a company’s assets, to decide if there is potential for it to continue trading or whether parts can be sold off to recover as many assets as possible. We deal with the sales ledger to look at all the contracts and see the potential of recovering the debts involved.
We help SMEs to review their operations if their results are underperforming, using our professional know-how to identify the elements that need improvement to enable growth and safeguard future success.
We can step in to give a thorough evaluation of your business and identify the best ways you can improve your day-to-day operations to ensure efficiencies and profits. Early intervention is key. We want to help and protect businesses so they don’t face long-term issues such as insolvency.
Due diligence
We act as part of the due diligence process for financiers of construction projects, conducting detailed audits in the pre-lend period. We understand the risks involved in these investments and use our commercial expertise to consider the performance of their construction-based contracts. They use our reports to assess whether a business can service the loan being proposed.
Our experts act as in-house consultants to ensure the most effective and up-to-date solutions for improving and future-proofing a business. Using a parallel software system that monitors performance, we can compare anticipated performance against actual performance, with the data informing future decisions and creating a business improvement cycle.
Why work with us?
We work with a wide range of longstanding and new clients that value our expertise and ability to provide services that drive their business improvement.
Our restructuring and advisory solutions support team is underpinned by years of experience, offering a full range of services to make the process as efficient and pain-free as possible.
