Business Turnaround Advice in Portsmouth

Turnaround support for Portsmouth businesses

We work with owner-managed companies across Portsmouth and Hampshire, typically with turnover between £3m and £20m, from our London office, about 63 miles away. Partners travel to meet you on site, because a turnaround starts with understanding how the business actually runs.

Portsmouth's economy is closely tied to defence and the sea: HM Naval Base Portsmouth is a major employer and BAE Systems has a significant presence. Portsmouth International Port handles ferry passengers and freight, and the city hosts IBM's UK headquarters. Retail and tourism are anchored by Gunwharf Quays, the Historic Dockyard and Commercial Road.

Defence and navalMarine and maritimePorts and logisticsAdvanced engineeringTourism and retailDigital and IT

We work with owner-managed companies right across the area, from Lakeside North Harbour, Dunsbury Park (Solent Freeport tax site), Portsmouth International Port, Gunwharf Quays, Tipner and Hilsea.

The pressures we see most are the same ones that show up in the Gazette data below: HMRC arrears that build up while the business funds losses, a bank or asset-based lender losing patience, and suppliers moving the account to pro-forma. If any of those are happening, read the warning signs a business needs a turnaround, or check your own company's public-record signals with our free company health check.

Portsmouth company insolvencies: what the data shows

K2 tracks every corporate insolvency notice published in The London Gazette and matches it to the company's Companies House record and last filed accounts. These figures cover companies with a registered office in Portsmouth (the PO postcode area) on our record since July 2026, excluding solvent members' voluntary liquidations. They count notices, not companies: one insolvency usually produces several notices.

27

distress notices for Portsmouth companies in the last 30 days

102

distress notices in the last 90 days

69

Portsmouth companies named in those notices

What these companies looked like before insolvency

Based on 69 companies in Portsmouth with a distress notice on our record (solvent members' voluntary liquidations excluded), using each company's Companies House profile and last filed accounts.

Negative net assets at last filing: 47%; of 57 with filed figures; UK 42% · +5 pts vs UK
Age of last accounts at first notice: 19 months; median; UK 19 months
Accounts overdue at Companies House: 41%; of 69 profiles; UK 40%
Company age at first notice: 10.7 yrs; median · 13% under 3 years; UK 8.6 yrs · +2.1 yrs vs UK

Median total assets in the last filed accounts: £139k. Figures are the companies' own filings and often predate the insolvency by a year or more.

Of the Portsmouth companies that reached the Gazette, 47% had already filed a balance sheet showing negative net assets. The warning signs were on the public record well before the first insolvency notice, and that is the window in which a turnaround is cheapest and most likely to work.

Most affected sectors in Portsmouth

Latest notices for Portsmouth companies

MJW Building and Maintenance Limited 17 Oct
Rastran Limited 16 Oct
Ict Media LTD 16 Oct
Ip NRG Solutions Limited 15 Oct
Queenie's Travelling Teapot LTD 13 Oct
Oaklands Fitness Limited 13 Oct

All insolvency and liquidation notices for Portsmouth companies →

How K2 turns around a business in Portsmouth

Every turnaround we run for a business in Portsmouth follows the same five stages, though the time each one takes depends on how much cash is left. The difference from a report-writing adviser is that K2 partners do the work with you, and stay once the crisis has passed.

1. Free, confidential assessment

A partner meets you, looks at the numbers and tells you honestly whether the business is viable and what the options are.

2. Take control of cash

A rolling 13-week cash flow forecast, managed daily if needed, so every decision is made with the real position in view.

3. Deal with creditors

Negotiate with HMRC, the bank, landlords and suppliers, informally where possible and through a formal process where it protects the business.

4. Fix what is losing money

Cut the products, contracts, sites or costs that destroy cash, and reset pricing and margin.

5. Invest and rebuild

Where we see a future we invest our time and expertise for a minority stake or success fee, and stay through recovery and growth.

The full method, stage by stage, is on our business turnaround page. If the business needs money to get through, see business loans and turnaround finance in Portsmouth.

Choosing a turnaround adviser in Portsmouth

Almost every professional firm in Portsmouth says it does turnaround. They are not doing the same job, and who they work for matters:

Big Four and global advisory firms

Usually engaged by lenders or private equity owners on larger companies, often to review the business on the lender's behalf. Fee-based, report-led.

Insolvency practitioners

Licensed to run administrations, liquidations and CVAs. Essential when a formal process is needed, but once appointed they act for the creditors.

Your accountant or solicitor

Know the business and the law, but most rarely run a turnaround day to day, or negotiate with HMRC and the bank as a principal.

K2 Business Partners

Pure turnaround since 1990. We work for the directors and shareholders, get hands-on with the cash, and invest our own time and money for a stake in the recovery.

We have profiled the main UK firms, with what each one does and how to contact them, in UK turnaround and restructuring firms compared.

Formal rescue options and the court for Portsmouth

Most turnarounds are done informally, by agreement with creditors. When a creditor will not wait, or the debt cannot be paid in full, the law offers tools that protect a viable business while it restructures: a company voluntary arrangement, administration (including a pre-pack) and, for larger companies with several classes of creditor, a restructuring plan. Used early, each one can save the business rather than end it.

Portsmouth Combined Court Centre

The Courts of Justice, Winston Churchill Avenue, Portsmouth, PO1 2EB

This is a County Court hearing centre with insolvency jurisdiction: it can hear winding-up petitions against companies with paid-up share capital of up to £120,000. Petitions against larger companies go to the High Court in London.

If a creditor has served a statutory demand or a winding-up petition, the clock is already running. Call us the same day: the earlier we are involved, the more of the business can be saved.

Talk to us about your Portsmouth business

Nearest office to Portsmouth: London

23 Berkeley Square, Mayfair, London W1J 6HE
About 63 miles from Portsmouth, straight line

020 7720 8000

Head office: 020 7720 8000

All five K2 offices →

Partners based there

Tony Groom CTP Schehrezade Davidson MBA Tim Meadows-Smith Anton de Leeuw CTP

Book a free, confidential call

Other local support in Portsmouth

Free and membership support for Portsmouth businesses, useful alongside turnaround advice for funding schemes, training and local contacts:

Turnaround in Portsmouth: frequently asked questions

Do you have an office in Portsmouth?

Our nearest office is London, at 23 Berkeley Square, Mayfair, London W1J 6HE, about 63 miles from Portsmouth. We do not keep a separate Portsmouth office: partners travel to meet you at your premises, which is where a turnaround starts anyway.

How much does turnaround advice cost for a business in Portsmouth?

The first meeting is free and confidential. If we agree to work together, the next step is an Options Review, a paid piece of work that sets out the realistic routes for the business and becomes the basis for negotiating with lenders, HMRC and creditors. Where we invest, we do so for a minority equity stake or a success fee, so our return depends on the business recovering. See what a business turnaround costs.

Is K2 an insolvency practitioner?

No. Insolvency practitioners are licensed to act as administrators, liquidators and CVA supervisors, and in those roles they act for the creditors. K2 works for the directors and shareholders to keep the business out of a formal process, or to use one in a way that protects the business. When a formal process is the right tool we bring in an insolvency practitioner and manage the process with you. See turnaround specialist vs insolvency practitioner.

Can you help if a winding-up petition has been issued against my Portsmouth company?

Yes, but time is short. Once a petition is advertised the bank will usually freeze the account. Petitions against companies in Portsmouth are typically heard at Portsmouth Combined Court Centre. The petition can often be paid, settled or adjourned, or a CVA or administration can be put in place to protect the business. Call us the day you receive it. See how to stop a winding-up petition.

What size of business do you work with?

Mostly owner-managed companies with turnover between £3m and £20m, across construction, manufacturing, technology, services, wholesale and retail. We will always talk to a smaller business, and if we are not the right fit we will tell you who is.

Which court hears insolvency cases for Portsmouth companies?

Portsmouth Combined Court Centre, The Courts of Justice, Winston Churchill Avenue, Portsmouth, PO1 2EB. This is a County Court hearing centre with insolvency jurisdiction: it can hear winding-up petitions against companies with paid-up share capital of up to £120,000. Petitions against larger companies go to the High Court in London.

What other business support is there in Portsmouth?

Alongside turnaround advice, Portsmouth businesses can use Solent Business Growth Service (Solent Growth Partnership, formerly Solent Growth Hub) and Hampshire Chamber of Commerce for signposting to funding schemes, training and local contacts. They are a good starting point for growth support; for a business under financial pressure, speak to a turnaround specialist first.

Talk to a turnaround specialist about your Portsmouth business

A no-charge, confidential first conversation with a K2 partner. We will tell you honestly whether the business can be turned around, which route fits, and what to do first.

Get a Free Assessment 020 7720 8000

Confidential · Honest about viability · Working for the directors, not the creditors

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