Posted on Jun 25, 2020
Indus Advisory Services
Business turnaround in focus: All businesses can be defined according to their respective growth phases or financial performance. When a business is solvent, but fail to meet sustainable profitability, business turnaround is normally required to change the financial trend. In contrast, business rescue is considered when a business is borderline solvent, or there exist a high likelihood that the business may become insolvent in the short-term, and where the availability of working capital is very limited or non-existent.