Business Restructuring

We will work shoulder to shoulder with you to solve complex problems, reduce risk and create value at pace, particularly in times of pressure, stress or distress.

Featured - 2 items

Working Capital Study 24/25

Why cash and working capital will remain on the board agenda

Insights

Act Now: Responding to uncertainty

Together, we can help your business to adapt and strengthen

Insight

Despite improvements in consumer confidence, stability and growth remain off course as inflation persists and borrowing continues to increase. Proactively responding to these challenges is key. From cash flow forecasting to broadening refinancing options, a restructuring mindset can help your business identify vulnerabilities and plan for challenges ahead.

Our specialists bring market insight and technical expertise to help strengthen your business, gain a competitive edge and innovate in the face of disruption.

Six areas of focus to help your business adapt and strengthen

With higher interest rates, capital is more expensive and with an increasing number of finance providers, being able to navigate the market is increasingly important. Whether you're looking to take advantage of opportunities with new lenders or need help managing your existing financial creditors, our experts can support you through any refinancing or restructuring event.

Restructuring advisory services
Pensions Employer Covenant and Restructuring
Real estate restructuring

As economic turbulence mounts, it’s more important than ever to control spending in order to maintain and improve profit margins and enhance profitability. Through a combination of transformation expertise, industry knowledge and functional capabilities, our team provides hands-on support to deliver rapid and sustainable cost reduction.

Reducing costs rapidly

As your organisation grapples with today’s tough business environment and longer term disruption and change, being able to free up funds and concentrate on the strongest parts of your organisation can give you a powerful edge. Restructuring your business portfolio can help put you on the right track by finding new owners for parts of the business that are underperforming or no longer core. So how can you capitalise on this opportunity?

Restructuring is usually complex, time pressured and requires careful management of stakeholders. This puts significant additional responsibilities on management teams who often don't have the capacity or capability to deliver new and evolving critical, time sensitive or urgent tasks at pace alongside business as usual activities.

Many of our clients in these situations supplement their management team (or the layer below) with our specialist restructuring professionals.

Chief Restructuring Officer+

Growing vulnerability to market swings and shocks heightens the need for a laser focus on liquidity. We can help you to improve the reliability of cash flow forecasting, optimise working capital and identify locked-in cash, while exploring all possible internal and external sources of finance.

Cash improvement and liquidity management
Improving your working capital

When an organisation becomes aware that a subsidiary business, division, branch or brand is under-performing, we can assist in achieving an optimal recovery of value.

We help to identify the issues and evaluate the associated risks and available options. We can help to agree and implement the chosen approach (eg sell, fix and sell, or wind-down).

Corporate simplification and entity restructuring
Insolvency
Insurance, legacy and liability solutions
Restructuring M&A

Our work

Our services - how our business restructuring specialists can help you

Increasingly you can be faced with a wide range of challenges not only financial, but also operational, potentially strategic, or management of complex liabilities. Given the breadth and depth of our practice, we are best-placed to address all of the challenges you are facing.

We understand how important it is to have an advisor you can rely on in times of challenge or distress and an advisor who will work with you. We really care about our clients, and the outcomes that you get. We are exactly where you need us to be, shoulder to shoulder, delivering solutions at pace to protect and create value.

Who we are

With over 600 staff in 15 regions and every major city across the UK, we are the UK's largest business restructuring practice. We take great pride in the diversity of our people’s skills, experience, backgrounds and perspectives, ranging across highly specific areas such as company insolvency, debt financing, and corporate restructuring. We explore every avenue to get you the very best outcome to suit your needs.

We are driven by a combination of the responsibility and privilege of delivering the right restructuring solution for you, coupled with the ability to make a difference. We understand the importance of treating you, your stakeholders and everyone involved with dignity, empathy and compassion in the most challenging times.

Business Restructuring leadership

57 results

May 2025

PwC Consumer Sentiment Survey - Spring 2025

Another quarter of falling consumer sentiment suggests things could be challenging for retail and leisure operators in the near term. Following on from the vibecession we saw late last year, people are now starting to cut back on spending and all indicators are down compared with the previous quarter. Yet, despite the perceived gloom, things are actually around the long-run average. However, with concerns over the state of the UK economy, the job market and household finances, we look at what this might mean for retail and leisure operators in the next few months.

May 2025

Non-life insurance run-off deals - Q1 2025 review

The first quarter of 2025 saw 11 publicly announced deals, with 9 disclosing transferred reserves totalling nearly US$1bn*. The UK and Ireland saw 9 deals, highlighting the sustained momentum of legacy activity in the region following a strong 2024.

March 2025

Global insolvency year in review 2024

The year 2024 was marked by unprecedented challenges and opportunities for the global insolvency landscape, as the world continued to grapple with the high interest rates, persistent inflation, the acceleration of digital transformation, the softening of consumer confidence and its impact on retailers and those who sell big ticket items, and the emergence of new geopolitical and regulatory risks.

March 2025

Store Openings and Closures 2024

A long-term view of openings and closures: a move towards stability?

February 2025

How to be a responsible director in 2025: Navigating the uncertain times ahead

As we enter the new year, many company directors are facing a daunting reality: the business landscape is more volatile and unpredictable than ever, and the risk of insolvency is looming large. How can you navigate this challenging environment and fulfil your duties as a director without risking legal ramifications?

February 2025

Non-life insurance run-off deals - 2024 year-end review

The final quarter of 2024 saw 9 publicly announced deals, transferring $2.4bn in disclosed liabilities – capping off a significantly more active second half of the year for the insurance legacy market.

January 2025

PwC Advises Mobico Group Plc on the sale of Mortons Travel and Stewarts Coaches

PwC's Special Situations M&A team is pleased to announce that it has successfully advised Mobico Group Plc ("Mobico"), trading as National Express, on the disposal of two of its businesses: Mortons Travel to Rambler Group Holdings, and Stewarts Coaches to Coach Travel Group (“CTG”).