The 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.
The PwC Channel Islands firm works closely with The PwC UK Business Recovery Services (BRS) practice. With around 970 staff in 24 offices, BRS is the UK's largest practice, providing advisory services to lenders, creditors, companies and individuals in troubled financial situations. We work with colleagues across the entire breadth and depth of the firm, from tax and assurance to advisory, ensuring we can provide you with the specialist situational knowledge you need to make the right decisions.
When a fund becomes uneconomical to administer, we can play a vital independent role as liquidator between the administrator, investors, directors, creditors, regulators and auditors to ensure the fund is wound-up and capital returned to investors in the most effective and efficient way.
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.
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.
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.