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.
Partner, Innovation & Technology, PwC Channel Islands
Tel: +44 7781 111526
Chris van den Berg
Director, Fiduciary, PwC Channel Islands
Tel: +44 7700 838308