Restructuring and Turnaround

Disruption is relentless. Having the right strategy to restructure or turn around an organization can help turn adversity into opportunity.

Organizational disruption is not new, but in today’s environment it has grown more complex. From the COVID-19 pandemic, geopolitical uncertainty, cross-border trade restrictions, technology and supply chain disruption to customer channel changes, liquidity issues, legislation alterations and shareholder activism, organizations are facing an unprecedented array of urgent event-driven issues against a backdrop of increasing uncertainty. Organizations need to be resilient and agile in order to create, preserve and recover value.

Business restructuring — whether that be an operational turnaround or a financial restructuring — can be a vital tool in preserving value for a company and its stakeholders. From refinancing and cashflow improvements, to the divestment of assets and management of liabilities, there are a range of ways executives can maintain value in their organization.

Connected globally, delivered locally. Digitally enabled with smart analytics. Our pragmatic hands-on approach, combined with deep sector experience and independent perspectives, has proven success in helping leaders reshape for a better future.

Case Study
The better the question The better the answer The better the world works
Case Study

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.

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The better the question The better the answer The better the world works
Case Study

Can heavy industry be reshaped for a sustainable future?

British Steel was in urgent need of a suitable buyer to avoid closure.

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Old railway track awaits recycling outside bsl scunthorpe plant
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The better the question The better the answer The better the world works
Case Study

In an interconnected world, think both local and global

EY’s international capabilities were crucial to delivering the best outcome.

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A bucket tilts over a furnace mouth at bsl scunthorpe plant
Case Study
The better the question The better the answer The better the world works
Case Study

Forging a new chapter of British Steel

Fresh investment in British Steel will protect livelihoods and boost value creation.

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New steel rails at bsl scunthorpe plant

Restructuring and turnaround awards and recognition

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

Image for 2020 TRI Awards - International Firm of the Year

TRI Awards 2020: International Firm of the Year winner (global award)

Image for 2021 IJGlobal Awards

IJGlobal Awards 2020:  European Social Infrastructure Healthcare PPP deal of the year winner (EMEIA award)

Image for 2020 TRI Awards - Best use of Technology

TRI Awards 2020: Best Use of Technology winner (UKI award)

Image for 2021 Turnaround Atlas Awards

Pre-Pack Restructuring Of The Year — Mid-Markets; Industrials Restructuring Of The Year; Private Equity Deal Of The Year — Large Mid-Markets

Contact us for immediate support

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