The financial services sector is a diverse, dynamic and competitive marketplace.

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.

1.

Financial services expertise

Specialist sector knowledge and market insights, combining technical excellence with pragmatic advice to offer tailored solutions to our clients.

2.

Multidisciplinary team approach

Drawing on our regulatory, forensics, valuations and other teams, we offer professional services and industry experience with a global reach.

3.

Our credentials

Our award-winning team has worked on some of the highest-profile cases in financial services, both in the UK and globally.

testimonial client avatar
We take a collaborative approach to financial services, using insight gathered from engagements in multiple jurisdictions, across our wide spectrum of skills. This includes the use of professionals spread throughout our global centres of excellence for international support wherever you do business.
Chris Laverty Partner, Head of Financial Services Restructuring
image depicting analysing documents

Coordinating the administration of Greensill Capital

1.
The challenge
We were appointed as administrators to Greensill Capital, a highly automated provider of supply chain financing spanning the US, Australia, Asia and other regions.
2.
The solution
Collaborating with multiple teams, including Greensill’s retained IT team, we commenced a wind-down of operations, including the recovery of around USD 18 billion of receivables.
3.
The result
To date, we’ve recovered over USD 9.3 billion for creditors and investors through our strategic trading approach and collaborative working – achieved within a limited time frame.
Recovering funds following money transfer firm collapse

Recovering funds following money transfer firm collapse

1.
The challenge
We were appointed as joint special administrators to money transfer firm LCC Trans Sending Ltd, aka Small World, which had 12,000 incomplete transactions totalling GBP 6.3 million.
2.
The solution
We quickly mobilised to reconcile the transactions, recover the funds from insurers, communicate the claims process and prepare a detailed distribution plan for those affected.
3.
The result
The court has approved our distribution plan and we’ve received an encouraging volume of customer claims. We anticipate a distribution later in 2025.
Resolving historic claims from a branch-based lender

Resolving historic claims from a branch-based lender

1.
The challenge
Non-Standard Finance plc and its group entities were subject to redress claims from historic lending. It required a group restructure to address these historic claims.
2.
The solution
We set up court-based and formal appointment processes to eliminate its solvent, insolvent and dormant entities, including a creditor compromise through a Scheme of Arrangement.
3.
The result
The lending entity was successfully separated from the group, resulting in a clean balance sheet and enabling it to continue operating in an under-served market.
Reviewing an e-money firm’s wind-down plans

Reviewing an e-money firm’s wind-down plans

1.
The challenge
We were engaged to review the wind-down plan of an e-money institution and also assist with responses to specific regulator feedback on a previous iteration of the wind-down plan.
2.
The solution
A limited assessment review of the wind-down plan, focusing on implications of pSAR regulations. Technical and practical input into both solvent and insolvent wind-down plans.
3.
The result
Our report to the board included commentary for areas of recommended improvement to the wind-down plan. We also provided support on the specific queries raised by the regulator.
Three people discussing and looking at a piece of paper

Providing contingency planning advice and board support

1.
The challenge
BrightHouse was previously the largest provider of rent-to-own (RTO) products in the UK. We were engaged to provide contingency planning advice and board support during lockdown.
2.
Our solution
Our team took control of the operations and shifted the group to full remote functionality. We also engaged with the FCA and developed a comprehensive communications plan to update the creditors.
3.
The outcome
Despite the challenges, our response has been instrumental in supporting BrightHouse customers and, ultimately, maximising creditor recoveries.

    How we help our clients

    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.

    International financial services restructuring and insolvency

    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.

    Global reach, local insight

    Global reach, local insight

    We draw on the deep expertise of professionals across Grant Thornton International’s global centres of excellence. This collaborative network supports the full spectrum of corporate financial services, delivering tailored insights and solutions wherever our clients operate:

    • restructuring advisory
    • formal insolvency appointments
    • asset recovery
    • valuations
    • digital assets
    • forensic investigations.

    Read more on our services here

    Read more [3253 kb]

    Contact

    Chris Laverty
    Chris Laverty
    Partner, Head of Financial Services...
    London
    View full profile
    Russell Simpson
    Russell Simpson
    Partner, Financial Services Restructuring
    London
    View full profile
    Jarred Erceg
    Jarred Erceg
    Partner, Financial Services Restructuring
    London
    View full profile
    Will Stagg
    Will Stagg
    Director, Financial Services...
    London
    View full profile

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