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"What Do We Mean by "Recovery?"

Purnells believe that for you and your business to experience true "recovery" from financial difficulty then you need to address two very different steps.

  • The first is to achieve the 'turn around' by a financial re-structuring (eg an arrangement with creditors, or phoenix company or for larger companies an internal programme of re-structuring). Purnells can assist you in all of these areas. Other parts of this website provide an outline of the different ways a re-structuring can be achieved.

  • Assume the first step above has been achieved - what then? Purnells believe that you should take further actions which we call a Recovery Programme.

  • Clearly, you do not wish to make the same mistakes in the future. How then are you to change the way in which your future business is run? This part of the website points you to alternative ways of approaching the future in a systematic way.

    Purnells can assist you with both steps or can point you to resources which will enable you to achieve many of the important benchmarks on your own.