Executive Summary: This complex case study examines the successful turnaround and restructuring  of a group of  mid-sized professional accountancy firms (referred as “ASPL” for this study)  based in London. Background ASPL had been a well-respected firm in London, providing a range of accountancy services to both corporate and individual clients. Despite its strong reputation, the

Reasons for the difficulties Our client is a specialist sport clothing supplier company with distribution agreements with two leading international manufacturers. It encountered financial difficulties due to a combination of factors. Due to the UK leaving the European Union it became very difficult to sell outside of the UK. It then focused on the UK