Business recovery services

Overview

Where a business is facing financial distress or insolvency, our Business Recovery Services team can advise on restructuring options available, assess the viability of the business and implement the best solution. For management, lenders, shareholders or other stakeholders in businesses facing financial under-performance or crisis, we deliver restructuring solutions and help build a platform for recovery.

Alternatively, we can help financial stakeholders to recover value in insolvency. Our experience and industry specialists enable us to tailor solutions to the individual circumstances and needs of the distressed business and its stakeholders.

Potential issues

  • You may be facing cash pressure, actual or potential breach of a loan covenant or over leverage. You want to better understand the reasons for the underperformance and the available options.
  • Your business needs to be refinanced or requires investment but the distressed nature of your balance sheet is preventing a transaction from proceeding.
  • You may be a financial stakeholder in a business who has concerns about its performance and future prospects and you want to get an independent person to review and advise you on the situation.
  • As a Director of a business in distress, you have a legal responsibility to ensure the company is not trading in an insolvent position. Obtaining early advice can help you clarify your current position and the available options.
  • There will inevitably be situations where a rescue is not possible and in such cases the lenders to a business are likely to use a formal insolvency process to recover the maximum value.

How can we help?

  • Our business recovery services team can support management to
    • Reduce balance sheet stress, deal with over leverage and reduce long term liabilities
    • Improve working capital and improve cashflow
    • Refinance and find the best capital structure for the business
    • Carry out a distressed sale of all or part of the business to secure the future and maximise stakeholder value
  • We can provide restructuring solutions through informal arrangements in partnership with debtors and creditors or through formal restructuring processes such as examinership or pre-pack receivership to deliver a transaction
  • For lenders dealing with distressed borrower company restructuring we can act as lead financial advisor to the lender to ensure they optimise their position. We also act as receivers on behalf of lenders where required.

Contact us

Declan McDonald
Partner, PwC Ireland (Republic of)
Tel: +353 1 792 6092
Email

Ken Tyrrell
Partner, PwC Ireland (Republic of)
Tel: +353 1 792 5184
Email

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