Turnaround and Restructuring

Turnaround and Restructuring

Often times, companies look to restructure their affairs too late in the day and as a result can only avoid liquidation or receivership by obtaining Court protection by way of the Examination process. However if companies experiencing credit and / or cash flow management difficulties act early they can often address these problems by reaching terms with suppliers and / or financial institutions without the need for the additional costs of the examination process.

At its simplest, restructuring means

• Business direction review
• Proper cash flow management
• Cost reduction
• Debt negotiation (formal or informal)
• Refinancing