Turnaround and Restructuring

Companies often exhibit the symptoms of financial distress well before a crisis erupts. In many cases, a downward spiral is not inevitable. It can be arrested and reversed. Early detection and swift, decisive action are the keys to restoring performance and value. That is why timely and expert advice is critical.

Our turnaround and restructuring practice provides advisory and insolvency services to lenders, creditors, companies and individuals who are experiencing a wide range of difficulties, from weakening performance and reduced operating profit, to crisis marked by severe cash flow problems and the imminent threat of insolvency.

We are able to rapidly identify problem areas, develop value-preserving and unique solutions, and then implement them swiftly and precisely. PwC is the world's largest provider of business recovery and insolvency services.

The Prague turnaround and restructuring team has many years of experience in major restructuring projects in the Czech Republic. We have provided our services to leading companies in the steel industry, the glass and porcelain industry, and the chemical industry. We focus on implementation with the aim of helping our client rather than on producing theoretical reports on different issues. This gives us depth and breadth that are unmatched in the market place.

Our services include:

• Independent business reviews
• Corporate simplification
• Financial restructuring
• Business regeneration
• Optimised exit services
• Non-perfoming loans and analysis

Expert articles

Here you can find a selection of articles on business issues on the subject of corporate restructuring and insolvency. Our experts from the turnaround and restructuring department participated in these interviews and contributed to the articles.

Plíživé obtíže (in Czech)
Petr Smutný
Ekonom, 8.1.2009

Čas na restrukturalizaci vaší firmy? (in Czech)
Petr Smutný
Ekonom.iHNed.cz , 6.1.2009

Jak vydělat na krizi? Změnit se! (in Czech)
Petr Smutný
Lobby, 2.1.2009

Dos and don’ts in 2009
Petr Smutný
Czech business weekly, 1.12.2008

Snižte zásoby a zkraťte lhůty splatnosti odběratelům (in Czech)
Petr Smutný
Hospodářské noviny, 27.11.2008

Jak v podniku ušetřit až třetinu nákladů (in Czech)
Petr Smutný
Hospodářské noviny, 27.11.2008

Půjčit si peníze bude dražší (in Czech)
Petr Smutný
Mladá fronta DNES, 20.11.2008

8 rad firmám v době krize (in Czech)
Petr Smutný
Mladá fronta DNES, 20.11.2008

Petr Smutný poskytl rozhovor České televizi. (in Czech)
Komentoval situaci, kdy někteří obchodníci v České republice začali prodávat své zboží za stejné ceny jako v zahraničí, 26.10.2008

Petr Smutný odpovídal na otázky zpravodajské TV Z1 na téma dopady celosvětové finanční krize na českou ekonomiku, především na automobilový průmysl, 20.10.2008
www.z1tv.cz, > Archiv > Magaziny > Z1 Auto, 20.10.2008, 2:40 min (in Czech)

Jak se mohou podniky účinně bránit (in Czech)
Petr Smutný
Ekonom, 24 7.2008

Insolvenční lekce (in Czech)
Marcela Alföldi Šperkerová
Euro, 14.8.2006

Dream factory – Heavy industry
Petr Smutný
British Chamber of Commerce, 31.7.2006