We understand how challenging financial distress is for stakeholders. That’s why we’re here to help you preserve profitability, and protect and recover value.
Whatever your circumstances, the business restructuring and turnaround initiatives available to you are unique to the circumstances of your business, but can generally be classified under three distinct interventions:
- Strategic: This could involve re-evaluating your business model, pivoting to new markets, or refocussing your efforts on what you do best by divesting or acquiring new business units.
- Operational: You might need to modify customer pricing, employee remuneration, or carry out an overhead review. Your business could also benefit from streamlining operations, reducing costs, and improving efficiencies. This can involve revising management structures, or optimising supply chains.
- Financial: If it’s not in place already, you’ll need cashflow forecasting and management to establish and improve your financial position. Other options can include restructuring debt, negotiating with creditors, renegotiating loan terms or securing new financing.
How we can help
Grant Thornton’s restructuring and turnaround team has a strong track record of helping businesses out of distressed situations and build sustainable platforms for long-term growth. We have successfully managed restructuring and turnaround projects in time-critical situations across a variety of industries by working closely with owners, management teams and lenders to identify and resolve issues affecting profitability.
