Farooq Mann, the founder and CEO of Mann & Associates, joined the board of the UK Turnaround Management Association (TMA) in the winter of 2025/26. On taking the appointment Farooq said:“Corporate turnaround, when executed with precision and independence, offers a rare window of opportunity to stabilise the operations of a business, rebuild confidence and unlock its latent value.
“It not only provides directors with clear, strategic direction, but also reassures lenders and investors that the business is being actively steered toward recovery, transforming uncertainty into a credible pathway for renewed investment rather than premature withdrawal.”
The science of corporate turnaround is based on a combination of a cool head, robust business credentials, a strong analytical capability and a focus on creating a path to financial viability where it is right for the stakeholders of the business and its future.
The corporate and business turnaround services of Mann & Associates global are built on strengthening governance, enhancing communication and enabling decisive, data-driven decision-making at every level of an organisation.
We work closely with boards and management teams of both small and large, complex companies to stabilise operations, improve financial visibility and implement robust governance frameworks that restore stakeholder confidence.
Through clear communication strategies and disciplined decision-making processes, we help businesses navigate financial distress, protect enterprise value, enabling them to position themselves for sustainable recovery and future growth.
Neil Taylor, a UK lawyer and IP with more than 30 years experience, now part of the team at Mann & Associates, said: “Corporate turnaround is most effective for financially distressed companies showing early warning signs such as sustained cash flow pressure, declining margins, covenant breaches, creditor pressure, or weak financial governance and decision-making.
“The most effective intervention is swift, independent action, stabilising liquidity, strengthening governance and communication, and implementing a clear, data-led restructuring plan that restores confidence among lenders, investors, and stakeholders. It is that in which we enjoy great experience at Mann & Associates.”
How Mann & Associates global Do Things Differently
Mann &Associates enjoy a huge amount of credibility due to our multi-jurisdictional, international experience in insolvency, restructuring, financial analysis and forensic capability. Sometimes there is no substitute for ‘grey-hair experience and know-how’ in the strategic restructuring of a business.
Nowhere was this more apparent than in a recent special situations turnaround. We were engaged to support a mid-market business facing acute liquidity pressure, deteriorating supplier confidence and mounting lender concern.
The company had a viable core operation but was constrained by legacy debt, weak cash flow visibility and inconsistent governance. Our first step was to stabilise the business through improved cash management, enhanced financial reporting and robust, clear communication with key stakeholders.
We worked closely with the board to prioritise critical trading activities, restore supplier relationships and create a credible short-term plan that bought the business time to pursue a broader restructuring.
As part of the turnaround strategy we identified and introduced a ‘white knight equity provider’ with both sector expertise and the appetite to invest in a recovery scenario. This partner provided not only fresh capital but also operational support, strengthening management capability and driving performance improvements across the business.
Alongside this, we led a comprehensive restructuring of the company’s balance sheet, aligning lender expectations with a sustainable repayment profile. The combined effect was a stabilised and refocused business, renewed stakeholder confidence, and a clear platform for long-term growth under a strengthened ownership and governance structure.
There is nothing that gives us greater professional pride than working with a business to change and grow.
