Restructuring advisory

Helping you find the best solutions in challenging times

When you start to experience financial difficulties, acting swiftly and engaging experts early can maximise your chances of a solvent recovery.

Our specialist team of business, HR and insolvency consultants will work with you and your advisers, stakeholders and funders to quickly assess your situation. We can identify the immediate challenges to your business and present and recommend the best possible solutions.

We can help you to:

  • Develop effective plans for recovery, prioritising your resources and identifying your key workstreams and milestones to keep them on track.
  • Manage any redundancy processes or changes in employment terms and conditions.
  • Work out your cash requirements using financial modelling and improve your cash flow management processes.
  • Review your business development processes to identify any gaps (such as improvements to your value proposition) that could help with your recovery.
  • Secure alternative sources of funding.
  • Realise value and find new ownership for your business at speed.
  • Formally review options for value realisation and report on these.

If solvent solutions are not possible, we will work with our business recovery and insolvency team to help you navigate your responsibilities and options to create the best outcome.

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Case Studies

Moore Kingston Smith rescues consumer PR agency on brink of ruin

A consumer PR agency approached us, in considerable distress, for advice on the future of their business and whether they should apply for a CBILS loan. The managing partners feared their only viable option was to close down.

However, we managed to create a sustainable business structure to keep the company afloat throughout 2021, without needing the loan after all. Now, the managing partners are confident their agency is fit to face the future.

We started by having an in-depth conversation with the managing partners, where they catalogued their predicament. They were incurring significant monthly losses, had lost major clients, their H2 revenue forecast showed income dropping by over 50%, they had deferred paying VAT, implemented salary cuts and furloughed staff. Yet still their cash was due to run out in six months’ time.

Next, we went through the agency’s cash flow, balance sheet, profit and loss, budget and trading forecast, and identified missed opportunities and substantial flaws in their management information. We uncovered a major fundamental error in their cash flow modelling, which is what had made the managing partners believe that insolvency was looming.

Conversely, our cash flow modelling demonstrated that they did in fact have the reserves to execute a successful strategy. We also reviewed their overhead base, pinpointed appropriate cost reductions and our HR consultancy arm subsequently handled their staffing restructuring needs.

The agency said: “Thank you to the team at Moore Kingston Smith. We feel assured that the business is set up for the foreseeable, and the decisions we are making are based on sound reasoning.”

Turnaround advisory and accelerated M&A

Moore Kingston Smith supported a family owned food manufacturer with severe liquidity problems and losses. The team stabilized liquidity following a comprehensive situation analysis, identifying opportunities to generate cash quickly from inventory and restructured the staff base. The team negotiated with funders for a grace period and then identified strategic assets and buyers before ultimately selling the business to one of these strategic buyers realising shareholder value and refinancing the debt.

Strategy and turnaround advisory

The Moore Kingston Smith team advised a struggling marketing services business that had become loss making following the termination of major client contracts resulting in a return to profitability within five months. Following a detailed options review and modelling exercise the team guided the business through a process of reducing headcount to eliminate excess capacity, a premises renegotiation with their landlord and a comprehensive cost cutting exercise based upon a zero based budgeting approach.

Accelerated M&A and working capital review

Moore Kingston Smith supported a medium sized manufacturing business with severe losses and cash flow issues. The team performed a comprehensive situation analysis, prepared an integrated financial model and identified opportunities to renegotiate supplier terms to provide financial headroom before ultimately arranging for a sale to a key supplier realising shareholder value and safeguarding the business.

Turnaround and fundraising advisory

Moore Kingston Smith supported a wholesaling business which had seen their revenues cease as a result of lockdown obtain a £1.5 million CBILS loan from their bank to provide liquidity during the Coronavirus crisis. The team performed a review of the options available to the business, including government support, reviewed and advised them on their business plans and forecasts and supported them through the loan application process.

Strategic advice

Knowing where and how to focus your efforts to turn around your business is crucial. But identifying causes and fixes is not usually simple or obvious.

Our restructuring specialists can quickly get to know your business and its challenges. We use a range of highly effective tools to pinpoint the issues that are affecting performance. And then we’ll give you the practical, strategic advice you need to take action and turn things around.

Because we’re used to steering businesses out of trouble, we know how important it is to take informed, effective action quickly. And then to monitor and make improvements where needed. We can support you through this process, giving you the confidence that you’re making the right choices and setting up your business for long-term success.

Case Studies

Strategy and turnaround advisory

The Moore Kingston Smith team advised a struggling marketing services business that had become loss making following the termination of major client contracts resulting in a return to profitability within five months. Following a detailed options review and modelling exercise the team guided the business through a process of reducing headcount to eliminate excess capacity, a premises renegotiation with their landlord and a comprehensive cost cutting exercise based upon a zero based budgeting approach.

Accelerating M&A

If your business is struggling with cashflow and trading, you might want to consider partnering with a stronger business through an accelerated M&A transaction.

This process aims to maximise value and can give owners greater control over the future of their business, while also reducing their personal risk.

Our experienced team can help you assess whether accelerated M&A is right for you. If it is we act quickly – allowing you to preserve assets and customer relationships.

We can help you take immediate action to stabilise your situation. Giving us time to find potential buyers and secure the best deal for your business. We’ll manage the whole process, allowing you to focus on running your business.

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Case Studies

Accelerated M&A and working capital review

Moore Kingston Smith supported a medium sized manufacturing business with severe losses and cash flow issues. The team performed a comprehensive situation analysis, prepared an integrated financial model and identified opportunities to renegotiate supplier terms to provide financial headroom before ultimately arranging for a sale to a key supplier realising shareholder value and safeguarding the business.

Turnaround advisory and accelerated M&A

Moore Kingston Smith supported a family owned food manufacturer with severe liquidity problems and losses. The team stabilized liquidity following a comprehensive situation analysis, identifying opportunities to generate cash quickly from inventory and restructured the staff base. The team negotiated with funders for a grace period and then identified strategic assets and buyers before ultimately selling the business to one of these strategic buyers realising shareholder value and refinancing the debt.

Managing cashflow and financial modelling

In times of uncertainty it’s vital you manage your cashflow carefully. You’ll need money in the bank or access to credit to continue paying employees and suppliers. And if you can see problems approaching, you’ll need to act quickly to get an accurate view of your finances to come up with an effective survival plan.

We have a team of experts who can guide you through difficulty, helping you make the tough decisions and strategic moves that can secure your survival.

Our multi-disciplinary approach puts at your disposal all the skills and knowledge you need. Whether that’s cashflow and financial modelling, securing credit or resolving employee contract issues.

Financial turnaround

When you’re facing urgent, challenging business conditions, recovery can sometimes feel unlikely. But finding a way back to a healthy position, or even a thriving one, can be possible if you take the right actions at the right time.

Our financial turnaround experts have helped businesses across many sectors to solve their complex problems, restore value and rebuild long-term stability.

We’ll help you to put together an action plan that’s designed to see you through the next 18 months, putting you in a healthy position and set up for long-term success. To do that we’ll review your current situation, identify your priorities for action and start making changes quickly. Then we monitor and improve where necessary.

And everything we do is tailored completely to you and your situation. We’ll work to your budget and timescales, and with your objectives firmly in mind.

Case Studies

Turnaround advisory and accelerated M&A

Moore Kingston Smith supported a family owned food manufacturer with severe liquidity problems and losses. The team stabilized liquidity following a comprehensive situation analysis, identifying opportunities to generate cash quickly from inventory and restructured the staff base. The team negotiated with funders for a grace period and then identified strategic assets and buyers before ultimately selling the business to one of these strategic buyers realising shareholder value and refinancing the debt.

Turnaround and fundraising advisory

Moore Kingston Smith supported a wholesaling business which had seen their revenues cease as a result of lockdown obtain a £1.5 million CBILS loan from their bank to provide liquidity during the Coronavirus crisis. The team performed a review of the options available to the business, including government support, reviewed and advised them on their business plans and forecasts and supported them through the loan application process.

Strategy and turnaround advisory

The Moore Kingston Smith team advised a struggling marketing services business that had become loss making following the termination of major client contracts resulting in a return to profitability within five months. Following a detailed options review and modelling exercise the team guided the business through a process of reducing headcount to eliminate excess capacity, a premises renegotiation with their landlord and a comprehensive cost cutting exercise based upon a zero based budgeting approach.

Financial review and reporting

If you or one of your clients are having financial difficulties, an independent business review (IBR) can bring some much-needed clarity. By getting an independent assessment of the health of the business and the range of options available, you’ll have the information you need to make the right decisions.

Whether you’re a business owner or a lender, our multi-disciplinary team of corporate finance and insolvency specialists can provide you with the detailed view you need. Whether that’s a critical appraisal of the current financial situation. Or an assessment of plans and forecasts. Our personal and practical approach means we’re able to quickly establish all the relevant facts and make commercial recommendations to preserve and maintain long-term value in a thorough financial review.

HR support

If you’re restructuring your business, it’s likely there will be some impact on your people. Our team of HR specialists can help make sure you are harnessing the full power of your employees as well as properly considering your obligations.

Find out about our HR Consultancy services and support.

Insolvency

We will always try to avoid formal insolvency procedures, but sometimes a business can’t be rescued. If you think this might be what your situation calls for, please don’t hesitate to talk to us. We’ll act quickly to advise you on your best route to achieving a positive outcome.

Find out about our Business Recovery and Insolvency services.

Lead Contact

Dan Leaman

Corporate Finance Director
+44 (0)20 7566 3848
Email: Dan Leaman

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