In industrialised and developing economies around the world we have seen the emergence and strengthening of the "rescue culture", the willingness on the part of financial stakeholders to give distressed companies every opportunity to reorganise and turnaround their operations, instead of employing formal insolvency procedures.
We are increasingly asked to help companies and their stakeholders find solutions to financial problems, often by restructuring and reorganising their business activities. More and more businesses operate internationally and clients increasingly need Recovery and reorganisation services aimed at developing solutions for under-performing businesses that operate beyond national boundaries.
We have proven experience in designing and implementing operational turnarounds and effective financial restructuring plans. We work in a co-operative relationship with management and stakeholders to seek optimum solutions for underperforming businesses.
Strategic performance reviews provide a flexible framework within which to evaluate the financial and operational performance of your business and identify solutions to ensure an effective turnaround.
We regularly undertake viability reviews to assist companies facing financial difficulty. The reviews can be initiated by any stakeholder with a direct interest in the financial position of the company.
These services provide a tailored methodology to fully project manage and implement the sale, closure or turnaround of an under-performing or non-core corporate entity. We review any under per-forming subsidiary or division in the context of the whole group and advise how its value can be maximised. If parts of the group are no longer strategically important or financially viable we can advise on the optimum disposal route.
We provide advice and assistance to insolvent companies, their creditors and other stakeholders. In certain countries we are also able to undertake formal insolvency appointments.
We are known for our creative approach to tracing and recovering assets in personal and corporate insolvencies. We have undertaken numerous asset tracing assignments involving a coordinated approach across multiple jurisdictions. We can also demonstrate a proven track record in maximising asset recoveries in specialist situations where there is evidence of fraud or misappropriation.
As credit becomes more widely available and individuals are encouraged to become self-employed or start up their own businesses, the numbers of people getting into financial difficulties is reaching high levels.