Restructuring & recovery

Asset recovery and tracing normally form part of formal insolvency processes such as liquidations, or are carried out in support of ongoing litigation or fraud investigations.

We use creative approaches to identify and recover misappropriated assets, including those held in offshore trusts, to provide cost-effective value recovery.

In the early stages of a turnaround the right support is necessary to create financial stability, assess cashflow and identify opportunities to improve short term liquidity. Through diagnostic analysis, we provide stakeholders with a clear understanding of the causes of under performance and the strategic opportunities for the business both crucial when assessing turnaround potential.

Grant Thornton can help you manage this complexity. Our team has a unique combination of deep technical knowledge and practical experience, with a multi-disciplinary approach that harnesses market-leading insights from our national, regional and global firms. These solutions include:

• Crisis stabilisation and turnaround
• Operational and financial restructuring
• Business review
• Strategic performance review
• Distressed M&A
• Working Capital Management

Whenever there is a request for increased lending by a borrower, a lender - a bank or finance company may look to an experienced professional to carry out a pre-lending review prior to reaching an agreement with the borrower.

The Review’s aim would be to assess why the increased lending is required and the risk of increased lending to the lender and the borrower. At Grant Thornton, we provide a proactive assessment of your company’s financial, management and security profile. Reports typically cover:

• Company and industry overview
• Benchmarking
• Adequacy of cashflow and forecasts
• Review of business plans
• Alternative methods of financing
• Adequacy of security

We provide lender support services to major banks, specialist financiers and international financial institutions with dedicated teams available at a local, regional or international level.

Our team are committed to preserve value in businesses driven by a determination to find and deliver optimum commercial, strategic and financial solutions to problems through the prompt commitment of dedicated specialist resources. These reports typically cover:

• Review of results and forecasts
• Effectiveness of management systems
• Viability assessment
• Review of Management
• Review of systems and procedures
• Strategic reviews

At Grant Thornton, we apply a tailored methodology and fully project manage and implement the sale or closure of underperforming or non-core corporate entities at maximum value.

We provide solutions to lenders who wish to exit a customer relationship or to companies that wish to dispose of either a non-core or under-performing business segment or subsidiary.

Provision of support in all required areas such as corporate finance, taxation, regulatory and insolvency.

Sometimes a business suffers an adverse event which impacts its ability to continue trading or a solvent sale or turnaround proves unsuccessful or just aren’t an option. It is important to obtain advice from someone who understands the unique situation of each business and can work with the company and its stakeholders to devise and implement solutions.

At Grant Thornton, our team of dedicated specialists provide solutions and advice in order to protect assets and maximise recoveries.

Formal insolvency advisory and executory services include*:

• Receiverships
• Agents for the Mortgage
• Voluntary Administrations
• Liquidations
• Bankruptcy
• Schemes of Arrangement

Our services also extend to rehabilitation and voluntary reorganisation services.

*Note terminology subject to local jurisdiction.