Restructuring and turnaround strategy

Today’s disruption will require organizations to reshape. Strategic change focusing on financial and business restructuring or turnaround must be implemented with speed and certainty. We provide trusted leadership in critical and complex situations to transform, create, preserve and recover value.

What EY restructuring and turnaround strategy teams can do for you

As part of EY-Parthenon, our financial and business restructuring professionals support EY clients, from design to delivery,  focusing on practical solutions that yield measurable results.

Organizations across the globe are facing an unprecedented array of challenges. These threats come in many forms whether they be weakened balance sheets, uncertainty over COVID-19 recovery curves, challenges of operating in a virtual environment, macroeconomic or geopolitical changes, competitor innovation or changing stakeholder expectations.

When time is important, our experienced problem-solvers provide restructuring advisory to move quickly from ideas to implementation. With access to an unrivalled bench of restructuring and turnaround professionals with industry experience, our global reach and rapid local reaction teams mean that our professionals can be quickly deployed wherever they are needed.

Connected globally, delivered locally and digitally enabled, our restructuring and turnaround strategy team is supported by a broad range of EY tools and technologies. EY M&A tools: Connected Capital Technologies help EY professionals deliver actional insights at a faster pace and deeper level than before, helping to ensure we can provide value to our clients.

We can help you answer common turnaround and restructuring challenges including:

  • How can I rapidly improve the financial and operational performance of my business?
  • Who can help me develop options for a rapid turnaround, rescue, recovery or contingency plan; then help me find capital to support it and negotiate with my stakeholders?
  • Who can help me lead the restructuring, or offer interim management roles such as Chief Restructuring Officer (CRO) or Chief Restructuring Advisor (CRA)?
  • How can I make more informed decisions about working capital and liquidity management?
  • Who can help me take an investor lens view to my portfolio evaluation?
  • How can I reshape the business model through business redesign?
  • How do I make strategic decisions in times of ambiguity and uncertainty?
  • How can I ensure that my tax strategy will maximize value in my turnaround plan?

Download our overview brochure: Turnaround and Restructuring Strategy

Case studies

Fashioning a sustainable future for an online clothing retailer

EY has helped fashion retailer ASOS to identify opportunities to unlock value, making it more resilient and better prepared for the future.. Learn more.

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Reframing the future of an iconic skiwear brand

EY-Parthenon helped BOGNER return to profitability in spite of the COVID-19 pandemic. Learn more.

How a government struggling with debt navigated towards a brighter future

EY professionals helped Puerto Rico exit bankruptcy and build a foundation for future growth. Learn more in this case study.

How to sell a travel business when no one is traveling

Flybe became the first UK airline to be rescued from insolvency after EY-Parthenon protected the struggling business and found a buyer.

How to determine a solid path forward in a liquidation

British Steel needed a buyer to avoid closure and to continue the iconic brand, but a sale was never guaranteed. Learn more.

Helping a travel business to survive and thrive during a pandemic

Strategic advice on securing liquidity kept travel advisors operating during the pandemic and positioned for success. Learn more.

    Contact us for immediate support through these volatile and uncertain times
    We have a clear view of the critical questions and new answers required for effective crisis management, business resilience and continuity.

    Restructuring and turnaround awards and recognition

    Some of the recent awards won by member firms of Ernst & Young Global Limited include:

    TRI Awards 2020: International Firm of the Year winner (global award)
    IJGlobal Awards 2020: European Social Infrastructure Healthcare PPP deal of the year winner (EMEIA award)
    TRI Awards 2020: Best Use of Technology winner (UKI award)
    Pre-Pack Restructuring Of The Year — Mid-Markets; Industrials Restructuring Of The Year; Private Equity Deal Of The Year — Large Mid-Markets

    Our latest thinking

    How to drive operational resilience with better cash management

    Companies can improve operational resilience by creating a cash management culture. Learn more.

    Four ways to navigate through rising interest rates

    Debt levels for mid-market companies are at historic highs. As interest rates rise, so does the likelihood of a wave of restructurings.