Turnaround Services Companies in the UK: A Practical Guide
AC
Acumon Chartered Accountants·15 min read
Businesses can face periods of financial pressure for many reasons, from changing market conditions and rising costs to operational challenges or cash flow constraints. During these periods, access to experienced turnaround professionals can help organisations assess their position, stabilise operations and identify practical options for recovery.
The UK is home to a broad range of turnaround and business advisory firms, from specialist restructuring practices to multidisciplinary professional services providers offering wider financial, governance and strategic support. Each firm brings different experience, sector knowledge and service capabilities depending on the needs of the organisations they work with.
This guide highlights a selection of turnaround services providers operating across the UK. Rather than ranking firms, its purpose is to provide useful context, outlining who these organisations are, the types of businesses they typically support, and the services they commonly offer to help companies navigate financial, operational and strategic challenges.
Acumon
Acumon is a UK firm of chartered accountants and advisors providing turnaround services to organisations across the UK.
The firm works with organisations ranging from owner-managed businesses and growing companies through to established corporate groups and regulated organisations. Turnaround services are designed to help organisations address financial and operational challenges while supporting long-term business sustainability and improved performance.
Acumon provides turnaround services as part of its wider advisory offering. Engagements are tailored to an organisation's financial position, operational requirements and strategic objectives, helping management identify opportunities to improve business performance, strengthen financial management and support sustainable growth.
Acumon holds a Public Interest Entity (PIE) audit licence, enabling the firm to support organisations subject to enhanced regulatory oversight in the United Kingdom. In addition to its UK statutory audit registration, the firm also maintains audit licences in the Cayman Islands, British Virgin Islands (BVI), Jersey and Isle of Man. These licences enable the firm to support organisations operating across multiple jurisdictions.
Businesses may seek turnaround support for a variety of commercial, financial or operational reasons. Independent financial and strategic advice can help organisations assess their current position, improve financial resilience and implement measures that support future performance.
Acumon works with business owners, directors, finance teams and boards to support business recovery initiatives while helping organisations strengthen financial reporting, governance arrangements and operational decision-making.
Turnaround Capabilities
Acumon provides turnaround services across a wide range of organisational structures and sectors.
These include:
UK companies and corporate groups
owner-managed businesses and growing companies
UK subsidiaries of international groups
regulated organisations
charities and not-for-profit organisations
organisations operating across multiple jurisdictions
Turnaround engagements are typically led by experienced professionals with direct involvement throughout the engagement.
Regulatory Licences and Registrations
Acumon holds several audit registrations that enable it to support organisations operating across multiple jurisdictions.
These include:
UK statutory audit registration
Public Interest Entity (PIE) audit licence
Jersey audit licence
Isle of Man audit licence
Cayman Islands audit licence
British Virgin Islands audit licence
These registrations allow the firm to support organisations operating across both the UK and key international financial centres.
Core Services
In addition to turnaround services, Acumon provides a range of services that support business performance, financial reporting and governance.
These include:
turnaround services
business performance and financial advisory
statutory external audit
group and subsidiary audits
Public Interest Entity (PIE) audits
charity and not-for-profit audit
internal audit and governance reviews
risk management and compliance support
Turnaround work is often delivered alongside discussions with management regarding financial performance, operational priorities, business planning and governance arrangements.
Many organisations seek turnaround support as business conditions change, operational requirements evolve or strategic priorities are reassessed.
Acumon works with organisations that are:
expanding business operations
strengthening financial reporting
enhancing governance frameworks
managing changing business requirements
preparing for future growth
Early engagement can help ensure that financial management, operational planning and strategic decision-making remain aligned with long-term business objectives.
Address: 1-2 Craven Road, Ealing, London, W5 2UA, UK
Phone: 020 8567 3451
S&W
S&W include business turnaround as part of their wider advisory and consulting practice, supporting organisations that are dealing with financial pressure, operational challenges or cash flow issues. Their approach covers different stages of the turnaround process, from reviewing the causes of underperformance to helping businesses put recovery plans into action. They look at both immediate concerns and longer-term improvements, recognising that every situation has its own commercial and financial context.
Across turnaround engagements, they combine financial analysis with operational insight to identify where changes may have the greatest impact. This can involve improving working capital, strengthening cash flow forecasting, reviewing business performance or supporting discussions with lenders and other stakeholders. Their turnaround specialists include professionals accredited by the Institute for Turnaround, reflecting experience in business recovery as well as transformation projects.
Key Highlights
Business turnaround and cash management support
Turnaround specialists accredited by the Institute for Turnaround
Focus on operational performance and financial stability
Working capital and cash flow improvement
Support with stakeholder engagement and business reviews
Turnaround services delivered within a broader advisory practice
Services
Business turnaround planning and implementation
Cash flow forecasting and cash management
Working capital review and optimisation
Operational performance improvement
Stakeholder review and support
Financial modelling
Business transformation support
Interim management and project delivery
Contact Information
Website: www.swgroup.com
Twitter: x.com/S_W_Group
LinkedIn: www.linkedin.com/company/swgroupuk
Address: 45 Gresham Street, London EC2V 7BG
Phone: +44(0)204 617 55 00
Kreston Reeves
Kreston Reeves offer turnaround services as part of their restructuring and transformation practice, helping businesses respond to financial difficulties and changing commercial conditions. Their work focuses on understanding the challenges affecting an organisation before identifying practical recovery options that fit its circumstances. The turnaround team operates alongside specialists in corporate finance, tax and business advisory, allowing wider business issues to be considered during the process.
Every turnaround situation is different, so their support may include improving cash flow, reviewing debt arrangements or assessing operational performance. They are involved with businesses looking to stabilise operations, explore restructuring options or plan the next stage of recovery. Their wider advisory capability means turnaround work can sit alongside funding, finance and strategic planning where needed.
Key Highlights
Turnaround and restructuring services for UK businesses
Part of a wider restructuring and transformation practice
Focus on cash flow and financial recovery
Access to corporate finance and strategic advisory expertise
Support for businesses facing operational or financial challenges
Integrated approach across financial and business advisory services
Services
Business turnaround
Cash flow management and debt strategy
Business restructuring
Insolvency support
Raising finance
Growth and planning support
Digital transformation
Corporate finance advisory
Contact Information
Website: www.krestonreeves.com
Twitter: x.com/KrestonReeves
LinkedIn: www.linkedin.com/company/kreston-reeves
Address: 2nd Floor, 168 Shoreditch High Street, London, E1 6RA
Phone: +44 (0)20 7382 1820
KPMG
KPMG include financial turnaround within their business transformation and deal advisory services, supporting organisations facing operational, financial and strategic challenges. Their turnaround approach focuses on helping businesses understand their current position, address immediate risks and develop practical plans that can be carried forward with the support of key stakeholders. The process is built around structured assessment, financial analysis and coordinated decision-making.
Different situations call for different priorities, so their work may involve stabilising cash flow, reviewing business performance, evaluating strategic options or supporting negotiations with lenders and investors. Financial restructuring sits alongside broader transformation planning, allowing businesses to address short-term pressures while preparing for longer-term operational change.
Key Highlights
Financial turnaround and restructuring support
Part of business transformation and deal advisory services
Focus on liquidity, financial performance and business stability
Stakeholder coordination during turnaround projects
UHY approaches turnaround and recovery from the perspective that early action creates more options for a business. Their team supports companies experiencing financial pressure by reviewing both operational and financial performance before considering suitable recovery or restructuring routes. The service forms part of a wider corporate recovery practice and covers businesses at different stages of financial difficulty.
Each engagement begins with an independent review of the business, helping directors understand the issues affecting performance and the choices available. Depending on the circumstances, attention may focus on improving cash flow, restructuring debt, reviewing financing options or considering formal insolvency procedures where appropriate. The aim is to help businesses make informed decisions based on a clear assessment of their position.
Address: Glenewes House, Gate Way Dr, Yeadon, Leeds
Phone: +44 113 257 4506
Tindles
Tindles focus on business turnaround for companies that are experiencing financial pressure or a period of weak performance. Their approach starts with understanding why the business is struggling, looking beyond the visible issues to identify the underlying causes. By building a clear picture of the business, they help directors understand where changes are needed before deciding on the next steps.
The turnaround service is closely linked with the firm's wider business advisory offering, giving businesses access to financial planning, funding advice and ongoing management support where required. Recovery plans are designed around the specific circumstances of each organisation, with continued guidance available as the business moves beyond the initial turnaround stage.
Key Highlights
Business turnaround and recovery advisory
Focus on identifying the causes of underperformance
Support for financially distressed businesses
Recovery planning linked with wider business advice
Address: Medway House, Fudan Way. Teesdale Business Park, Stockton-on-Tees, TS17 6EN
Phone: 01642 878 555
Deloitte
Deloitte includes corporate turnaround within their strategy and transactions practice, supporting businesses facing financial, operational or strategic challenges. Their turnaround team works with organisations that need to respond to changing market conditions, declining performance or liquidity pressures, combining financial and operational perspectives to assess the situation and identify practical actions.
Their approach covers the full turnaround process, from reviewing business performance and stakeholder priorities through to implementing recovery plans. Depending on the circumstances, this may involve operational improvements, financing considerations or wider business transformation. The turnaround service draws on specialist teams across the firm's advisory network when additional expertise is needed.
Key Highlights
Corporate turnaround within strategy and transactions services
Focus on financial stability and operational recovery
Support during periods of business disruption
End-to-end turnaround approach
Experience across UK and international organisations
Access to multidisciplinary advisory teams
Services
Corporate turnaround
Business performance assessment
Operational improvement
Financial restructuring support
Stakeholder management
Business transformation
Debt and treasury advisory
Transaction support
Contact Information
Website: www.deloitte.com
Facebook: www.facebook.com/deloitteuk
Twitter: x.com/deloitteuk
LinkedIn: www.linkedin.com/company/deloitte
Address: 1 New Street Square, London, EC4A 3HQ, United Kingdom
Phone: +44 (0)20 7936 3000
Trinity Accountants
Trinity Accountants offer business turnaround services for organisations dealing with cash flow problems, rising debt or operational difficulties. Their process begins with a review of the financial and operational position so business owners can understand what is driving the current situation and what recovery options are available. The emphasis is on taking action before financial issues become more difficult to manage.
Every recovery plan is shaped around the business's individual circumstances, whether the priority is improving cash flow, reducing costs or restructuring operations. Support continues as plans are put into practice, with progress monitored over time so adjustments can be made if business conditions change.
Address: 185 East Gomeldon Road, East Gomeldon, Salisbury, Wiltshire, SP4 6NB
Phone: 07770 894629
Grant Thornton
Grant Thornton includes restructuring within their wider advisory practice, supporting lenders, investors and management teams dealing with financial pressure or business uncertainty. Their restructuring team covers a broad range of situations, from contingency planning through to formal insolvency processes, helping organisations assess available options before deciding on the most suitable course of action.
Alongside financial restructuring, they look at issues such as debt, capital structure, creditor relationships and corporate organisation. Depending on the circumstances, support may involve reviewing funding arrangements, advising on restructuring plans or helping businesses navigate complex stakeholder discussions during periods of change.
Key Highlights
Restructuring and insolvency advisory
Support for lenders, investors and management teams
Financial and corporate restructuring services
Debt and capital advisory
Contingency planning for businesses under pressure
Bishop Fleming focuses on business restructuring for organisations experiencing financial pressure, cash flow issues or creditor demands. Their approach centres on helping directors understand the position of the business and explore practical recovery options before financial difficulties become more severe. The restructuring service forms part of a wider advisory offering, bringing together financial, operational and commercial considerations.
Each engagement is shaped around the issues affecting the business at that point in time. One company may need support with refinancing or debt recovery, while another may be reviewing its operations or considering a formal restructuring process. This flexible approach allows recovery plans to reflect the circumstances of each organisation instead of following a fixed model.
EY approaches turnaround services through business and financial restructuring, helping organisations respond to operational, strategic and financial challenges. Their teams support businesses that need to improve performance, strengthen liquidity or reshape operations, with attention given to both immediate priorities and longer-term recovery planning.
No two turnaround projects look the same, so the focus changes according to the situation. Some businesses require working capital improvements, while others need support with restructuring debt, reviewing business models or managing complex stakeholder relationships. Their turnaround specialists can also take interim leadership roles during periods of significant change.
PwC include turnaround services within their performance and restructuring practice, supporting organisations that need to respond to financial pressure, operational issues or changing market conditions. Their approach combines business strategy with financial analysis to help companies understand current risks and identify practical actions that strengthen performance over time.
The turnaround process can cover strategic reviews, operational improvements, financing options and formal restructuring where appropriate. As circumstances develop, businesses may need support across several areas at once, particularly when financial performance, stakeholder confidence and long-term planning are closely connected.
Alba Financial Accountants take a practical approach to business turnaround, looking closely at the financial position of a company before identifying the issues affecting its performance. An independent review forms the starting point, giving business owners a clearer picture of where improvements may be needed and what recovery options are available.
Recovery plans may include organisational changes, financial restructuring or discussions with creditors, depending on the circumstances. They can involve additional specialists where required, helping businesses deal with operational, financial and insolvency-related matters as part of the same turnaround process.
Address: Suite One, 73d Main Street East Leake, Loughborough, Leicestershire, LE12 6PF
Phone: 01509 853779
Logros Advisory Partners
Logros Advisory Partners concentrate on helping businesses regain stability during periods of financial or operational pressure. Their turnaround process is built around three stages - stabilising the business, restructuring operations and supporting long-term recovery. The service is aimed at owner-managed businesses as well as management teams dealing with change or financial uncertainty.
Depending on the challenges involved, attention may be given to cash flow, debt, leadership or stakeholder communication. Businesses can access support throughout the turnaround journey, whether the priority is improving day-to-day operations, preparing for a future sale or managing a leadership transition.
Address: Suite 4, Wilmslow House, Grove Way, Wilmslow, SK9 5AG
Phone: 03301 595 611
Accountlets
Accountlets offer business turnaround services for companies experiencing cash flow problems, declining profits or operational inefficiencies. Their approach focuses on identifying the issues affecting financial performance before building a structured action plan that supports business recovery. The turnaround service sits alongside wider accounting and business advisory support, giving clients access to practical financial guidance throughout the process.
Some businesses need help improving working capital, while others may benefit from changes to financial controls, creditor management or operational processes. Ongoing reviews help track progress after the initial recovery plan has been introduced, making it easier to monitor performance and respond to new challenges as they arise.
The right turnaround services provider will depend on the challenges a business is facing. Some organisations may need support with cash flow and working capital, while others are looking for help with restructuring, refinancing, operational improvements or stakeholder management. The size of the business, the industry it operates in and the complexity of the situation can all influence which type of adviser is the best fit.
This guide highlights a range of firms offering turnaround services in the UK, each with a slightly different focus and area of expertise. Comparing their experience, service offering and approach can help businesses identify a provider that matches their circumstances and supports informed decision-making during periods of change.
AC
Written by the Acumon team
Acumon is an ICAEW-registered firm of chartered accountants and registered auditors
based in London, with offices in Pitstone, Aylesbury and Bournemouth. Need advice on
anything covered here? Talk to us.
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An internal audit function must be assessed by a qualified, independent assessor at least once every five years. That requirement is Standard 8.4 of the Global Internal Audit Standards, which…
An internal audit function must be assessed by a qualified, independent assessor at least once every five years. That requirement is Standard 8.4 of the Global Internal Audit Standards, which…
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