Restructuring and turnaround strategy

Today’s disruption will require organizations to reshape. Strategic change focusing on financial and business restructuring or turnaround must be implemented with speed and certainty. We provide trusted leadership in critical and complex situations to transform, create, preserve and recover value.

What EY restructuring and turnaround strategy teams can do for you

As part of EY-Parthenon, our financial and business restructuring professionals support EY clients, from design to delivery,  focusing on practical solutions that yield measurable results.

Organizations across the globe are facing an unprecedented array of challenges. These threats come in many forms whether they be weakened balance sheets, challenges of operating in a virtual environment, macroeconomic or geopolitical changes, competitor innovation or changing stakeholder expectations.

When time is important, our experienced problem-solvers provide restructuring advisory to move quickly from ideas to implementation. With access to an unrivalled bench of restructuring and turnaround professionals with industry experience, our global reach and rapid local reaction teams mean that our professionals can be quickly deployed wherever they are needed.

Connected globally, delivered locally and digitally enabled, our restructuring and turnaround strategy team is supported by a broad range of EY tools and technologies. EY M&A tools: Connected Capital Technologies help EY professionals deliver actional insights at a faster pace and deeper level than before, helping to ensure we can provide value to our clients.

We can help you answer common turnaround and restructuring challenges including:

  • How can I rapidly improve the financial and operational performance of my business?
  • Who can help me develop options for a rapid turnaround, rescue, recovery or contingency plan; then help me find capital to support it and negotiate with my stakeholders?
  • Who can help me lead the restructuring, or offer interim management roles such as Chief Restructuring Officer (CRO) or Chief Restructuring Advisor (CRA)?
  • How can I make more informed decisions about working capital and liquidity management?
  • Who can help me take an investor lens view to my portfolio evaluation?
  • How can I reshape the business model through business redesign?
  • How do I make strategic decisions in times of ambiguity and uncertainty?
  • How can I ensure that my tax strategy will maximize value in my turnaround plan?
Contact us for immediate support
We have a clear view of the critical questions and new answers required for effective crisis management, business resilience and continuity through these volatile and uncertain times.

Case studies

How an insolvent travel industry giant got back on track

EY teams steered international conglomerate HNA Group successfully through one of China’s largest corporate restructurings. Learn more.

How to determine a solid path forward in a liquidation

British Steel needed a buyer to avoid closure and to continue the iconic brand, but a sale was never guaranteed. Learn more.

How to sell a travel business when no one is traveling

Flybe became the first UK airline to be rescued from insolvency after EY-Parthenon protected the struggling business and found a buyer.

Fashioning a sustainable future for an online clothing retailer

EY has helped fashion retailer ASOS to identify opportunities to unlock value, making it more resilient and better prepared for the future.. Learn more.

Helping a travel business to survive and thrive during a pandemic

Strategic advice on securing liquidity kept travel advisors operating during the pandemic and positioned for success. Learn more.

    The team


    Restructuring and turnaround awards and recognition

    Some of the recent awards won by member firms of Ernst & Young Global Limited include:

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    TRI Awards 2020: International Firm of the Year winner (global award)
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    IJGlobal Awards 2020: European Social Infrastructure Healthcare PPP deal of the year winner (EMEIA award)
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    TRI Awards 2020: Best Use of Technology winner (UKI award)
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    Pre-Pack Restructuring Of The Year — Mid-Markets; Industrials Restructuring Of The Year; Private Equity Deal Of The Year — Large Mid-Markets

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