In short, they had significant debts, staffing issues, ownership issues, stock, inventory & a website which needed sharpening and low Sales.
The Accountants had been visiting regularly and recommending action. We agreed that we would meet twice a week to
see what had transpired the previous days.
We agreed on nearly all things:
1. Communicate all best-known information to staff, suppliers, customers and
2. Prioritise Revenue as the No.1 ticket item using Sales emails / Website / Government handouts / loans / & snappy wording on discounts for loyalty
3. Have a review at Easter of what is working / what is the plan.
We agreed to pay bills only on Tuesdays. All concentration was on Sales Wed-
Sun.....and supply/logistics/old stock.We had four flashpoints; major-supplier finance decision; logistics company error; ill-health of one staff member; one piece of Accounting advice.
Sales in May 2020 were at 2016 Levels after three years of low sales due to many factors.
At a recent conversation, there is a possibility of a New ownership structure; website upgrade and continued repayments of old debts in a slow, appropriate fashion.
The NCP is experienced at providing critical, fast advice in adverse situations - and
helping clients to gain Outstanding results.