At PSB, we have a wealth of experience in advising different types of businesses and use this to discuss restructuring ideas with a company’s directors as a first option. In many cases, financial difficulties do not mean the end of a business. Now, more than ever, we are seeing the need for businesses to ‘pivot’ and diversify what they do to adapt to the changing landscape.

Restructuring a business at the right time can enable it to continue, often successfully, for many years.

For some businesses, examples of basic restructuring can include:

  • informal negotiations with creditors,
  • working through cashflow forecasts to enable better cost management,
  • adjusting business processes to ensure simplification or streamlining,
  • changing product lines or sales outlets,
  • refinancing existing debts,
  • obtaining additional financing, in specific circumstances

In some cases, it is not possible to informally restructure a business to adequately improve its financial position. At this stage, a more formal insolvency process may be required. This could be in the form of:

  • Company Voluntary Arrangement (“CVA”) -
  • Administration - 
  • Pre-pack Administration - 

For further options, please also see our Corporate Insolvency services 

Get in touch to find out how we can help you with Restructuring.

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