Turnaround programmes
The bad news: there are almost as many ways for a company to fail as there are sand grains on a sea shore. The good news? There is a way to reverse a failing company’s fortunes. In fact, the “secret” to recovery is no secret at all, it turns out; it all depends upon how well a company manages each and every stage of its turnaround, and whether or not its recovery plans are realistic and achievable. But first, you have to determine why, exactly, your company failed. Was it poor management? Unforeseeable changes in your markets or altering consumer preferences? Inadequate debt or equity capitalisation? Underperforming assets and too large a debt load? Fraud, theft of intellectual properties? Poor business development skills? Faulty or sub-standard products? Whatever the reason, one thing is crystal clear: a company with serious problems has to act quickly and decisively, or face the unwelcome consequences. Denial is not an option; and nor is delay. So, how can a company reverse its stagnation, or stave off potential ruin? Answer: by turning to the professionals at PwC.
If this is your situation
- Your company is not only at the affect of aggressive competitors, but has made a number of serious strategic errors. You need outside help—and quickly.
- You have been the victim of serious financial fraud and need to both recover misappropriated financial assets and quickly restore stockholder confidence.
- You are involved in a protracted—and costly—cross-border dispute with a foreign vendor, which is now threatening the viability of your entire supply chain.
- Your company is the subject of a regulatory investigation that threatens to put your (fundamentally sound) business at risk.
- Your company is seriously underperforming, but you really don’t know why.You know that your company is experiencing liquidity and cash-flow blockages, but you are unable to pinpoint the causes.
- You are experiencing a number of non-financial challenges—lack of confidence and pressure from stakeholders, suppliers and customers; regulatory scrutiny; as well as the demoralisation of your staff—and must turn to the outside for help.
What PwC can do for you
At PwC we offer a wide range of rescue and turnaround services, as well as providing a full range of insolvency supports. Our turnaround specialists are trained to rapidly identify problem areas, gain cooperation and consensus, resolve issues quickly and efficiently, and implement solutions with sensitivity and precision. Plus, our experienced teams offer a full range of recovery services, from turnaround and restructuring plans to exit strategies. Our professionals advise lenders (and other stakeholders) in troubled, and under-performing businesses, to create a better understanding of the financial and commercial position of the business, its prospective viability, the causes of difficulty, and the range of options available to the various stakeholders. Our teams also work in partnership with lenders and debtors, with the common objective of defining and implementing solutions that maximise value. At PwC we can also assist seriously under-performing companies to rebuild value for stakeholders through rapid, effective change. It’s all part of our commitment to serving you and your business needs, worldwide.
