A tough economic climate, rapid market changes, new competitors, disruptive technologies, strategic errors – any or all of these can plunge a company into serious financial distress. Left unaddressed, they may threaten corporate survival. Whether these factors occur in isolation or converge, they typically trigger a host of problems, including underperformance, declining earnings, and liquidity and cash-flow blockages. Companies often exhibit symptoms of distress well before a crisis erupts. In many cases, a downward spiral is not inevitable. It can be arrested and reversed. Early detection and swift, decisive action are the keys to restoring performance and value. That's why timely, professional advice is critical.
PwC is one of the world's largest provider of business recovery and insolvency services. Active in 144 countries, our global network of over 2,000 highly skilled professionals can rapidly deploy cross-border services to stakeholders in troubled and seriously underperforming businesses. The firm's business recovery professionals are valued by clients for their ability to quickly identify problems, gain cooperation, develop viable solutions, and implement them with sensitivity and precision. Our experienced teams offer a full range of advisory and implementation services, from turnaround and restructuring plans to optimised exit strategies.