Business Restructuring
Our business restructuring team provides discreet and confidential advisory services to lenders, creditors, companies and individuals in troubled financial situations. We work closely with our colleagues from tax and assurance, ensuring we can provide you with the specialist situational knowledge you need to make the right decisions.
Whether it be advising, restructuring or refinancing, we can help. Our services include:
- Debt Advisory/Financial Restructuring
For companies, their lenders, shareholders or other stakeholders in businesses facing financial under-performance or crisis, we deliver restructuring solutions and help build a platform for recovery. Specifically we can support our clients with the following issues:
- Cash pressure or liquidity shortfall
- Actual or potential breach of covenant
- Pensions deficit
- Credit ratings downgrade
- Over leveraged
- Debt trading at distressed levels.
- Exits
When an organisation becomes aware that a subsidiary, business, division, factory, branch or brand is under-performing, our team assists in achieving an optimal recovery of value. We help to identify the issues and evaluate the options available and agree and assist in implementing the chosen approach (e.g. sell, fix and sell, or wind-down). We also identify and help manage the risks inherent in the process. The planned outcome will be an increase in shareholder value by selling, restructuring, closing or winding down the under-performing business or subsidiary.
Our global capabilities, extensive experience, proven methodology and swift service working under pressure of time are our key differentiators. We support our clients:
- By maximising shareholder value
- By releasing capital to reinvest in the business
- Enabling management to re-deploy resources more productively elsewhere in the business
- Maintaining brand reputation/avoiding adverse publicity
- Tailoring a solution to suit your needs
- Applying our proven methodology avoids delays and obstacles typical of a divestment or disposal reducing the cost for the business
- Independent Business Review
Where businesses are underperforming, in distress or in crisis, we provide tailored business review services either for financial stakeholders or for the business itself. These services clarify the situation for both parties and allow clearer evaluation of the available options.
- Operational Restructuring
When organisations undergo severe financial underperformance, any solution is likely to involve operational restructuring. We have significant experience of working in situations where a viable restructuring plan needs to be put in place rapidly. We work alongside management to develop plans which are realistic and pragmatic. We will also support the implementation of plans using a project office approach to centralise turnaround programmes and focus the organisation’s resources towards delivery.
Specifically we can support our clients with the following issues:
- Squeeze on working capital
- Unexpected collapse of profitability
- Unsustainable running costs
- Forecast covenant breach of loan agreement
- Growing levels of involvement from external, often financial stakeholders, with increasingly demanding requests for information on recovery plans
- The need to develop and implement a turnaround plan to maintain stakeholder support and company viability
- Having to manage a significant programme of change / improvement at the same time as running the day to day business
- Stakeholder Management
When organisations face a crisis, such as cash flow problems and/or possible default on funding repayments, we can act as a catalyst working alongside management and stakeholders and encouraging all parties to work together. In highly emotive environments, we deliver quick and effective results. Our team has a strong track record in managing stakeholder relationships and significant expertise in crisis situations where there are financial, resource and time constraints. In the short term, we stabilise the financial position of the business and obtain both management and stakeholder buy in. In the longer term, our role is to rebuild confidence and relationships whilst helping management regain control, keeping all parties informed every step of the way.
