Business recovery services

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.

If this is your situation

  • Recent mergers and acquisitions activity has led to restructuring and the presence of dormant companies
  • The global economic downturn has resulted in certain funds experiencing a decrease in net assets and this makes it uneconomical to continue administering these funds
  • You are facing an actual or potential breach of covenant
  • You are burdened by excessive debt or poor liquidity 
  • Your corporate structure is no longer aligned with your business objectives
  • 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
  • You need to simplify your corporate structure to release capital tied up in the business

How PwC can help you

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.

The services we provide include:

End of life funds
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.

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.

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.

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.