A clearer path through crisis: ICAEW and BM&T’s Turnarounds guide
BM&T, in collaboration with ICAEW, has helped develop a vital new guide for navigating business turnaround — focused on timely, independent and ethical action.
In today’s challenging economic landscape, struggling businesses need clear, structured turnaround strategies. The ICAEW Turnarounds guide, co-authored with BM&T, offers a practical, principle-led framework to help companies act early, build trust with stakeholders and preserve value.
The guide emphasises the importance of:
It outlines five stages of a turnaround — from recognising the need for change to post-recovery sustainability — and underlines how skilled, independent turnaround professionals can make the difference between failure and renewal.
This is not a legal manual, but a practical tool grounded in decades of experience. It serves finance professionals, boards and advisers who want to act decisively and responsibly before value erosion becomes irreversible.
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