Firms also face changing market conditions, regulatory intervention, increasing capital build driven by development and acquisition costs, and operational resilience issues due to competitive markets.
We can help you mitigate the impact of internal and external stresses on your business. Protecting value is at the core of what we do. Working directly with financial services firms, as well as lenders, shareholders and regulators, we can help you overcome the challenges you face.
In the past three years we've worked with 85% of the top 20 European and US banks, and six of the 10 largest global insurance firms.
Specialist sector knowledge and market insights, combining technical excellence with pragmatic advice to offer tailored solutions to our clients.
Drawing on our regulatory, forensics, valuations and other teams, we offer professional services and industry experience with a global reach.
Our award-winning team has worked on some of the highest-profile cases in financial services, both in the UK and globally.
We provide the full range of turnaround services including options analysis, contingency planning, cash flow forecasting, independent business and pre-lend reviews. Our team also advises on AMA processes, non-performing loans, debt advisory and refinancing services, as well as solvent eliminations. We help with wind-down planning and provide the full range of statutory insolvency appointments.
Through expert guidance and hands-on assistance, we support a wide range of firms – including insurers, brokers, clearing banks, private equity and distressed funds, and asset and investment managers, among others – with a global reach and extensive asset recovery capabilities.
Our comprehensive services cover restructuring and insolvency, from complex restructuring initiatives to litigious asset recovery, covering the full lifecycle of a business:
Acquisition support, cyber security solutions or pre-lending reviews. Preparation of wind-down plans or non-core exits and solvent exit plans – to support firms to prepare for a wind down should stress or distress require it.
Restructuring support in response to operational and financial challenges, market instability or regulatory change. Often this involves debt restructuring, independent business reviews, cash flow reviews, options analysis, asset sales support, creditor compromises (including Scheme of Arrangement and Restructuring Plans) in order to return to financial stability and contingency planning.
We also support firms working through remediation processes drawing on our in-depth experience of handling large customer and claim populations (eg, in the case of Wonga, this involved contacting two million customers and processing distributions to 400,000 claimants).
In a period of severe distress or crisis, where a restructuring can't be implemented or would be ineffective, the use of formal insolvency proceedings may be required. This is to effectively wind down a business or recover assets under the protection of officeholders, and provide for distributions to creditors from the asset base. (We have licensed insolvency practitioners who can act as administrators, conflict administrators, liquidators, receivers, etc).
We bring together multidisciplinary teams – including financial services restructuring, industry-leading asset recovery, financial services, forensics, digital assets, valuations and corporate intelligence – to offer clients a diverse blend of professional services and industry experience for any financial services distress or failure.
Our offering leverages the expertise of professionals spread throughout the Grant Thornton International network's global centres of excellence. They provide support across the breadth of corporate financial services:
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