Daily life in Restructuring Services

As part of this team, you might:

• Review the immediate cash requirements of a business and evaluate when facilities may be breached
• Review historical financial performance information to assess what went wrong
• Plan and prepare for shareholder meetings for the voluntary liquidation of a company
• Compile data around accounts receivable, accounts payable and inventory management processes
• Work within an insolvent company to collect assets and pay liabilities in accordance with legislation and contractual arrangements
• Help a business to trade while in insolvency to achieve best value for assets and preserve viable parts of the business
• Identify opportunities for improving working capital and reducing the debt needs of a business
• Help a business simplify its complex legal entity structure to help reduce compliance costs and extract

You'll acquire skills and knowledge, such as:

• An understanding of how cash moves around a business
• An understanding of the characteristics of businesses in distress
• Research and analysis techniques
• How to interpret integrated financial statements and operational information to understand the workings of a business
• The ability to report clearly on factual information in support of a hypothesis
• How to deal with a variety of stakeholders from businesses in distress
• Familiarity with the legislative environment impacting insolvent businesses
• Communication and teamworking skills

You could:

• Use your experience and technical skills to lead restructuring teams
• Focus on a particular industry and develop your reputation as a key advisor in that sector
• Acquire project management skills
• Work internationally on cross-border transactions
• Work in another one of our offices worldwide
• Take a client secondment to develop your commercial skills and build the client relationship.