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.

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Contact us

Nick Vermeulen

Partner, Innovation & Technology, PwC Channel Islands

Tel: +44 7781 111526

Chris van den Berg

Director, Fiduciary, PwC Channel Islands

Tel: +44 7700 838308

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