Turnaround advisory evaluates cash pressure, operational performance and creditor relationships to build a workable stabilisation plan.
Understanding Restructuring and Turnaround Advisory
When to consider this service
Creditors, business owners and authorised transaction teams reviewing distress, unpaid claims or a formal process can use this service to clarify a particular issue. A useful starting question is: “Can debt rescheduling alone restore business viability?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.
Scope of work
The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.
- Assess short-term liquidity and viability.
- Develop operating and financial restructuring options.
- Set creditor discussions and implementation milestones.
Documents and information to prepare
Start with the records below where available. They help establish the facts before a more specific checklist is agreed.
- Cash forecasts.
- Debt schedules.
- Operational data.
- Creditor communications.
Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.
A key issue to resolve
A revised debt schedule will not solve an unviable operating model without changes to cash generation and costs.
How the engagement works
- Define the question: assess short-term liquidity and viability, using the available cash forecasts and the facts you provide.
- Examine the evidence: develop operating and financial restructuring options. Record unresolved information and the assumptions that affect the analysis.
- Agree the action: set creditor discussions and implementation milestones. Set the required deliverables, responsible owners and any follow-up or external dependency.
Deliverables, fees and timing
The proposal for Restructuring and Turnaround Advisory sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of cash forecasts, debt schedules, operational data and creditor communications affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.
Official resources
Use these official resources for the relevant framework. Application to a particular entity, period or jurisdiction requires a separate assessment.
Discuss your requirement
Share a short summary of your Restructuring and Turnaround Advisory requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.
FAQ
Practical questions about Restructuring and Turnaround Advisory.
Can debt rescheduling alone restore business viability?
A revised debt schedule will not solve an unviable operating model without changes to cash generation and costs.
What records should I prepare for Restructuring and Turnaround Advisory?
What can the scope of Restructuring and Turnaround Advisory include?
How are fees and the schedule agreed?