Financial Restructuring Advisory

Lead financial advisor

We support management teams as they negotiate and implement financial restructuring solutions.

• Solve immediate liquidity issues: Liquidity is usually key to a successful restructuring. In many cases, more than one solution may be required. This may be an interim measure to support liquidity until the longer-term outcome can be agreed, or to generate cash from alternative sources to reduce the overall funding requirement. For example disposals and raising new money. We work with you to determine and deliver the right liquidity required to protect the future of your business.
• Stakeholder management: We work regularly with all parties around the table, from shareholders, banks, funds, governments and regulators through to pension scheme trustees. This means that we can effectively navigate the difference in approaches and objectives, to achieve the optimum outcome for your business.
• Negotiations: We advise on, or lead, negotiations on behalf of our clients. We engage and manage stakeholders and preempt issues before they arise, to smooth and guide the way through the process.
• Innovative technologies: We continue to develop new and innovative technologies to improve efficiency and ease of engagement for all stakeholders. This includes interactive capital structure dashboards, allowing clients to see the impact of any proposed changes in real time, providing detailed insights and facilitating confidence whilst protecting data integrity.
• Breadth of support: As a multidisciplinary firm, we can bring you the best of PwC to support all aspects of the restructuring including pensions, tax, and accounting policy.
• Capital structure advice: We can advise you on your options for restructuring or optimising your existing capital structure (debt and equity) and on maximizing your flexibility around and addressing financial covenant compliance.
• Deal implementation: We can provide the financial analysis (e.g. Estimated Outcome Statements / counterfactual analysis) and support to ensure the successful implementation of Schemes of Arrangement and Restructuring Plans.

Independent Business Review

Providing your financial stakeholders with an independent and credible view that they can trust.

• Rapid commercial, operational and financial due diligence focussed on the key issues, options and solutions.
• Where there are multiple financial stakeholders, we provide a common information platform to give comfort to your stakeholders, help drive the discussions around the future of the company and remove the need for multiple creditors’ advisors to undertake separate reviews.
• Should your creditors require their own advisors to perform an Independent Business Review we can help deal with creditors’ information requests and question process, taking the strain off management.

Contingency planning

We support directors in protecting the interests of creditors when the prospect of insolvency increases.

• Contingency planning ensures that there is an agreed strategy in place that can be implemented in the event of significant stress and/or an insolvency.
• With appropriate planning, returns to creditors are protected and appropriate contingency planning demonstrates strong governance by directors.