Corporate Recovery and Insolvency

Irish business is under pressure as never before. In all business sectors, companies today operate in a constantly changing environment – changing technology, changing competitors, changing customer demand. All too often, failure to manage change results in underperformance and increasing financial pressure.

Added to the pressure of change are adverse currency movements, credit constraints, the possibility of strategic errors - any or all of these can plunge a company into serious financial distress. 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, inevitably resulting in pressure from stakeholders.

In extreme cases, the company may face insolvency, resulting in the demise of the business, with serious financial consequences for owners, creditors and employees.

At PwC we have a keen understanding of corporate insolvency issues. Whether it be advising, restructuring or refinancing, we can help. With a breadth and depth of experience, and a geographic spread of service unmatched elsewhere, our experienced specialists focus on the issues faced by stakeholders in a troubled business.

We can also advise and assist on other insolvency related matters such as trading with liquidators, receivers and examiners or acquisition of assets or businesses from liquidators or receivers.

We also offer services to shareholders of solvent companies – where shareholders wish to release value in a tax-efficient manner, or where companies no longer fulfil an economic purpose, whether as a result of group reconstruction or otherwise.