The issue
PricewaterhouseCoopers UK's client, British Nuclear Fuels, plc, is facing a major restructuring of the way in which the nuclear services industry is regulated. This will lead to considerable changes in the company’s business model. In particular, new regulation will introduce competition into areas of the nuclear services industry where competition will have no adverse effect on safety. Our client wished to set up a business capable of competing in this new sector of the marketplace.
Our approach
A PricewaterhouseCoopers team worked with the client to develop a plan for a new business and the financial model underpinning the case for it. We brought to this phase of the project deep experience in helping companies in many different industries transition from a regulated to a competitive environment. At the end of the planning and analysis phase, we supported our client in presenting the business case to the Group board and relevant UK government officials.
The outcome
Our client's business plan was approved and the company is now working towards implementation. The company has a good understanding of what is required to compete in a more liberalised marketplace and the risks that it must address in order to succeed.
