Business recovery services
A tough economic climate, rapid market changes, new competitors, disruptive technologies, strategic errors—any or all of these can plunge a company into serious financial distress. Left unaddressed, they may threaten corporate survival. Whether these factors occur in isolation or converge, they typically trigger a host of problems, including underperformance, declining earnings, and liquidity and cash-flow blockages. Companies often exhibit symptoms of 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's why timely, professional advice is critical.
If this is your situation
- You are affected by downturn in the market or shifting consumer preferences.
- You are facing an actual or potential breach of covenant.
- You are burdened by excessive debt or poor liquidity.
- You are facing a credit rating downgrade.
- Your debt is trading at "distressed" levels.
- Your corporate structure is no longer aligned with your business objectives.
- You have units or subsidiaries operating inconsistently with Group strategy or are looking to divest/sell-off some non-core operations.
- As a business or financial stakeholder, you have concerns about the business and wish to appoint independent reporting accountants to review the situation and provide available options.
- As a stakeholder in a distressed business, you need to manage your exposure, both legal and financial.
- As an individual in financial difficulty, you find yourself facing bankruptcy and want some professional advice and help.
How PwC can help you
PwC is one of the world's largest provider of business recovery and insolvency services. Active in 144 countries, our global network of over 2,000 highly skilled professionals can rapidly deploy cross-border services to stakeholders in troubled and seriously underperforming businesses. The firm's business recovery professionals are valued by clients for their ability to quickly identify problems, gain cooperation, develop viable solutions, and implement them with sensitivity and precision. Our experienced teams offer a full range of advisory and implementation services, from turnaround and restructuring plans to optimised exit strategies.
The services we provide include:
- Independent business reviews
When a company is underperforming, is in distress, or is in crisis, our first step is to undertake a tailored, objective assessment of the situation and resources. Our rapid and rigorous review process scrutinises financial performance, operating dynamics, asset deployment, and management issues—and then identifies a range of options.
- Non-performing loan sales & analysis
We advise banks and other financial institutions on the disposal or purchase of non-performing loans. Our services include conducting financial due diligence and portfolio reviews, preparing information memoranda on asset valuations and disposal options, identifying potential investors, and facilitating sale negotiations and deal completion.
- Corporate simplification
When an existing corporate structure no longer meets a business' objectives, we will work with you to identify surplus entities, release capital, reduce operating costs, and achieve a leaner, more transparent corporate structure. Our tailored approach addresses critical issues, minimises risk, and helps ensure a smooth transition to a streamlined operating model.
Restructuring / turnaround
For underperforming companies, we deliver restructuring solutions designed to build a platform for swift recovery and sustained future success. We thoroughly assess all revitalisation options; develop a plan of action in partnership with management, creditors and other stakeholders; and mobilise the resources required for effective implementation. Our professionals utilise PwC' deep and broad industry knowledge and local knowledge in planning complex, cross-border restructurings.
- Turnaround directors
To help spearhead the recovery process, we can introduce one of our highly experienced and credentialed turnaround directors. Using our wide ranging contacts in the business world, PwC has brought together a panel of senior turnaround executives, all with a strong corporate track record. Their proven knowledge is vital in restoring shareholder confidence and creating a stable platform for the future. Whilst these individuals have the resources of PwC at their disposal, they remain independent "hands on" executives providing leadership in the business rescue process.
- Business regeneration
Our experienced teams help underperforming businesses plan and implement recovery strategies quickly and efficiently. This may involve moving forward on several fronts—crisis intervention, stabilisation and stakeholder communication; generating quick wins and reducing working capital; designing and implementing a value-recovery plan.
- Optimised exit services
When external and/or internal pressures dictate withdrawal from a country, industry, company, market or brand, PwC can assist in optimising value by helping you design and execute a controlled exit plan—sell, fix and sell, wind-down. Our proven methodology optimises shareholder returns, mitigates delays and obstacles, and minimises disposal/divestment costs.
- Distressed mergers & acquisitions
For business stakeholders experiencing pressure on profitability, cash flow and/or the balance sheet, we maximise value through the sale of shares or business and assets in a tight timeframe using a combination of corporate finance, restructuring, insolvency and tax skills/techniques. PwC has an accelerated disposal methodology that delivers substantial value over and above what is usually recovered in an unplanned insolvency situation, which may be the next alternative outcome.
- Solutions for discontinued insurance business
We provide innovative tailored solutions for the discontinued insurance business market. Our approach focuses on unlocking and protecting value. We have an excellent track record of delivering solutions for clients, drawing on PwC' global network and knowledge in a run-off environment.
- Executory/corporate insolvency
Subject to local legislation, we may assume the role of Receiver, Administrator or Liquidator, or we may act as advisor to parties involved in voluntary arrangements, administrations, receiverships, and compulsory or voluntary liquidations.
- Personal insolvency
For creditors and individuals concerned with personal insolvency issues, PwC provides innovative and practical solutions. Whether acting as a Trustee in Bankruptcy or developing an individual Voluntary Arrangement, our sensitive approach, seasoned experience and leading-edge methods enable creditors to maximise recoveries while helping individuals avoid a potentially disastrous slide into bankruptcy.