K2 Partners - About us

Advisory

“Every step was a battle of willpower as we climbed at the cruising altitude of a jet. The cold tasted like blue metal, freezing the vapour in my nostrils into plugs and sapping the blood in my hands. Disbelief was my feeling as I broke into the summit.”
Greg Child, who reached the peak in 1990

We are a hands-on team of advisers who move swiftly to deal with a crisis and provide the reassurance that our client’s business can survive by agreeing a plan for change. While we are happy to take the lead with implementing the plan, nothing is done without board approval and the agreement of our client.

We are normally engaged when a company is in decline or can see problems looming, whether cash flow, declining profits or mounting losses. K2 adopts a three phase approach where our initial focus is on survival which we call the emergency phase. Once cash flow has been stemmed we normally expect to help implement fundamental change to lay the foundation for future growth; this we refer to as the stabilisation phase. Our involvement in the final, growth phase will depend on whether or not we have taken equity in part consideration of our fees.

Our advice involves identifying any immediate and long-term issues and offering options for dealing with them. Over the past 20 years we have gathered extensive experience of the following:

Cash management and control – monitoring, collection, payment authority, purchase authority, stand-still agreements and payment plans
Cost reduction - contract termination, renegotiation and downsizing
Stakeholder management – communication with bank, suppliers and creditors
Quick win top-line initiatives – lead generation, sales and marketing activities
Financial administration – accounting, bookkeeping and reporting to provide accurate and timely information for management and bank
Forecasting and business modelling – cash, balance sheet and profit & loss
Restructuring balance sheet – refinancing, debt conversion, debt write-off, compromising creditors, hiving off assets and reorganising liabilities
Reorganising operations – reallocating roles and reducing staff levels
Communication – board, management, sales, operations, change
Leadership and people management – motivation, communication, direction, support and clarification of roles, responsibilities and expectations
Reviews – emergency, viability, diagnostic, marketing, bank and strategic
Planning process – action, restructuring, marketing, turnaround and strategic
Systems and procedures – installing those needed for reporting, monitoring, managing, accounting, financial, purchasing, quality, non-conformance and operating

ur experience of dealing with survival and growth related issues over the past 20 years has led to K2 developing tools to help solve them. While each situation is different and most companies have systems that cover most of the above, K2’s assignments tend to involve having to introduce a number of solutions drawn from the above areas. Our review procedures help us identify areas where a solution is needed.