Transaction Advisory Services - Our Restructuring services - Ernst & Young - United Kingdom

Facing challenge together

Many companies face challenges that present threats to financial performance and viability, regardless of past results or the strength of the market in which they operate. Often these threats result from financial and commercial market pressure, stakeholder expectations and cash and capital constraints. At Ernst & Young, our market leading Restructuring practice can help address these challenges. Whether our clients are corporates, stakeholders or lenders, we establish and help implement financial and organisational solutions to enable them to adapt to changing local and global economic conditions.

Our team is fully integrated both within our wider Transaction Advisory Services practice and our firm as a whole – over 100,000 people in more than 140 countries worldwide – and our clients reap the benefits of this broad range of knowledge, skills and experience. All of our restructuring professionals augment their technical knowledge with in-depth industry experience, so they understand the specific competitive environments in which our clients operate.

Our services include:

• Financial and operational restructuring
• Financial advisory
• LASER – Liquidations and Strategic Exit Routes
• Formal insolvency processes

Student property market: Issues and trends

This latest white paper in our sector insights series outlines some of the key issues and trends currently impacting the UK student property market.

Profit Warnings fall as businesses and analysts downgrade expectations

Profit warnings from UK quoted companies dropped significantly in Q3 2011, but diminished expectations, rather than economic improvement is behind much of the fall, according to Ernst & Young's latest Profit Warnings data, with the retail and construction sectors bearing the brunt of a weakening economy. Read the full report.

UK care homes: Issues and trends in 2011

This white paper outlines some of the key issues and trends impacting the UK care homes sector in 2011.

UK Hotels: Breaking the transaction market log-jam

Ernst & Young participated in a recent industry round-table debate involving a distinguished panel of UK hotels sector professionals. Read our summary.

All at sea – how can shipping stay afloat?

The shipping industry's surprise recovery in the first half of 2010 is starting to fade. Despite increasing demand, rising freight and charter rates and fewer laid up ships, there are still fears that the industry could be on course for another financial crisis. Until now banks have adopted a "standstill" approach in supporting struggling ship owners and operators, but it looks as though a continuation of this approach is unfeasible.  Many owners and operators need financial restructuring to repair balance sheets and ensure a sustainable future 214K, October 2010 with such support becoming more pressing as a growing market cannot be relied upon to provide long term answers.

Proposed lease accounting changes

On 17 August 2010, the IASB and FASB released a joint exposure draft that proposes to dramatically change lease accounting for both lessees and lessors by requiring balance sheet recognition of all leases.  Although the effective date of a final standard is likely to be several years away, companies should begin to prepare for the resulting impacts on their financial metrics, debt structuring, business processes and information management. Read our report on the proposed lease accounting changes 808K, November 2010.

The value of working capital management: oil and gas
In the past six years, the degree of working capital tied up in the industry has grown substantially , which means companies are leaving cash on the table. How can you identify and quantify the areas impacting your bottom line? Inside, we offer some clear steps1.38Mb November 2010 on transitioning over to a cash-focused culture.