Financial restructuring advisory
After assessing the viability of a business our team can support businesses of all sizes when they negotiate and implement financial restructuring solutions.
In many cases, more than one solution may be required, either as an interim measure to support liquidity until the longer term solution can be agreed, or to generate cash from alternative sources to reduce the overall funding requirement, such as disposals and raising new money.
A consensual solution will usually provide the best outcome for all stakeholders. Our team’s extensive experience with all parties around the table, including shareholders, banks, funds, governments, regulators and pension scheme trustees, mean that we can effectively navigate the difference in approaches and objectives, to work towards this goal.
We advise on, or lead negotiations on behalf of our clients, engaging and managing stakeholders and pre-empting issues before they arise, to smooth and guide the way through the process.
When time is under pressure, we offer businesses skilled senior operators experienced in planning and implementing turnaround and restructuring. We can provide:
- An independent turnaround professional from our Turnaround Director Panel. They can step into executive or advisory roles in the business, such as Chairman, CEO, CFO, operations, marketing, human resources, non-executive directors and advisers/mentors to Boards; or
- A Chief Restructuring Officer (CRO), seconded from PwC to sit at the heart of the business. Our CROs are able to take appointments on the Board of companies, allowing them to sit at the heart of a business, alongside management.
Appointing a Turnaround Director or CRO during a time of uncertainly provides a wealth of experience and senior level resource, allowing management to focus on running the business.
We work alongside management to drive operational change and increase value. Combining our pragmatic restructuring skills with functional knowledge, we support organisations in areas including business planning, rapid cost reduction, cash generation, and change management.
We know management teams are often time constrained, and may not have the restructuring skills readily available within their organisation. We develop and implement realistic and pragmatic plans, which give management the confidence to make tough decisions and drive through change in a short timeframe.
Selling assets can help to support short-term business liquidity, to relieve financial pressure and give the company time to implement wider restructuring solutions.
We work in the early stages (where there are a greater number of options available) to provide a business sale which is properly orchestrated, delivered quickly, and managed according to the different agendas of the various stakeholders (equity, debt, management, customers, suppliers, employees, etc). The timescales vary but are often a matter of weeks rather than months. In the most extreme situations, a business sale can be completed in a matter of days relieving financial pressure and preserving value.