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Agree, it's a really tentative rebuild that's needed for them I imagine. Accept that power has now gone for two (?) at least cycles, and in the meantime put stuff (don't know what) in place that lets them concentrate on rebuilding in small steps towards the centre. Changing their leader election and muting the power of the membership might be a good start.
However, that would mean that this bunch of fairly attention-seeky group of politicians would have to spend most of their career out of the limelight and doing arduous stuff that they don't like with no benefit to them, I can't see them committing to it. I can't even see them noticing that it has to be done.
I don't see a positive direction. Move centre-ground and they have no credibility, will largely be ignored for 10 years. Move right and be out-righted by Farage.