Turnaround & Recoveries
Financial Restructuring
A restructuring is only as good as the analysis behind it and the discipline used to deliver it. We run a full options analysis across extend, amend, equitise and partial disposal, then translate the preferred route into a robust restructuring plan. That work is grounded in a clear-eyed CVA and administration risk assessment and a proper PropCo and OpCo review. We then stay involved through implementation and documentation, seeing the position through to a stabilised exit. On facilities across the £10–100m range, our value is in turning a difficult set of choices into a plan people can back.
What This Involves
Full Options Analysis
We test every credible route, from extend and amend to equitisation and partial disposal, quantifying the outcome of each for the lender and the borrower.
Restructuring Plan
We build a clear, deliverable restructuring plan with defined milestones, funding requirements and the governance needed to hold it together.
CVA and Administration Risk
We assess the realistic risk of a CVA or administration, so decisions are taken with a full understanding of the downside and the value at stake in each scenario.
PropCo and OpCo Review
We review the PropCo and OpCo structure to understand where value and liabilities sit, and how they can be separated or protected within a restructuring.
Implementation Oversight
We oversee execution and documentation, coordinating advisers and counterparties so the agreed plan is actually delivered rather than merely agreed.
Stabilised Exit
We manage the position through to a stabilised exit, whether that is a refinance, a sale or a return to a performing footing.
Part of our Turnaround & Recoveries practice, led by Charlotte Coates.
Need a restructuring that holds?
From options analysis to a stabilised exit, we build plans that survive contact with reality. Let us talk it through.
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