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THM pioneered the Chief Restructuring Officer role in the UK and has successfully restructured over 140 businesses with over £158bn of debt.
If you think your business may need our help and would like to discuss this confidentially, please contact us:
Edward has over 25 years’ experience working for public and private companies in financial restructuring situations, including acting as CRO.
Matt has over 25 years’ experience in the operational and financial restructuring of complex multi-national companies.
Neil has worked with distressed companies for over 30 years, including 15 years in board or executive positions as CRO or CFO.
James has worked in restructuring for over 16 years and worked with management teams and boards during financial restructuring and M&A transactions or in interim management roles.
Dean has more than 30 years’ experience working with distressed companies and their stakeholders as a chief restructuring officer, board member, adviser and investor.
We understand the key pressures and challenges you face
- Creditor pressure
As a business manages its cash flow to avoid drawing on facilities or a “cash crisis” and/or there is an impending debt maturity, creditor pressure mounts.
Clear prioritisation and communication with key creditors is essential to avoid compounding the issues being faced by the business. This creates additional burden on management and staff.
- Managing confidence in the business
- Changing stakeholder priorities
- Ineffective project management
- Board overload / Lack of resource
- Staff / Management incentivisation
- Directors duties and responsibilities
- Liquidity concerns
Appointing THM as the CRO and/or restructuring adviser to deal with the multitude of issues a restructuring brings has many benefits:
Experience
THM has been through a process similiar to yours many times
Independence
Both the perception and the reality
Resource
Management can focus on running the business and creating value
Relationship
THM has worked with a large number of the key players in the restructuring market
Key Stages of a Financial Restructuring Process
THM has significant experience delivering complex financial restructurings and leading the key workstreams required. Whilst every restructuring process is unique, there are certain key stages common to most:
1Crisis Stabilisation
- Cash flow forecasting and reporting
- Working capital management
- Lender standstills
- Business continuity
- Directors’ duties
- Contingency planning
2Options Analysis
- Business and financial review
- Facilities review
- Stakeholder assessment
- Implementation options
- Stakeholder communications
3Restructuring Proposal
- Business planning
- Valuation and entity priority modelling
- Debt capacity
- Restructuring proposal
- Stakeholder negotiations
4Implementation
- Term sheet and lock up
- Legal and corporate documentation review
- Tax structuring support
- Corporate reorganisation
- Project management
- Asset disposals
5Post-Completion
- 100 day plan
- Turnaround initiatives
- Ongoing Board support
- Transition management
Our Recent CRO and Financial Restructuring Experience
combined