Turnaround and Restructuring Services

Bringing strategic stability to distressed organizations

Strategic Advisory With Demonstrated Execution and Recovery

At some point in its lifecycle, every business will experience distress. Abrupt changes in market conditions or demand, shifts in the availability of financing, loss of major clients, disruptive technological change, and other factors can all have rapid effects on an organization’s prospects. Declining profitability, tight liquidity, credit unavailability, debts in excess of asset book value, and other factors are clear signs of a company in need of assistance — and these difficulties can strain the decision-making capabilities of even the strongest leaders. 

BDO Consulting Group, LLC’s Turnaround and Restructuring Services professionals have deep experience working with underperforming companies and distressed organizations. We work rapidly to assess the situation and deliver meaningful clarity, standing up operational and financial strategies to help stabilize your condition and working with you to develop ongoing plans to create value and improve performance. 

Our professionals include Certified Turnaround Professionals, Certified Insolvency and Restructuring Advisors, Certified Fraud Examiners, CPAs, former industry executives and valuation professionals. We work with you to execute business restructuring and recovery plans, concentrating on strategic objectives and injecting expertise and human capital as needed, including interim and turnaround leadership to shore up your capabilities. 

How BDO Can Help

More About Our Turnaround Services

Particularly in dynamic business environments — with fluctuations in interest rates and ever-changing economic and market conditions — both lenders and companies can see rapid changes in the financial results and overall financial condition. Our Turnaround Services professionals can support organizations on either side of the ledger, inside or outside the courtroom, as they seek to mitigate exposure to lending risk, or solidify cost-effective access to capital, or improve overall performance to ensure future sustainability.

Lender Advisory: Reduce Risk

We work with lenders to identify risks in your lending facility, including those posed by the actual or available collateral of your borrowers. Further, we provide recommendations for mitigating exposure to loss risk — informed by assessments of industry conditions, competitive environment, and borrowers’ business plans, conditions and projections. 

Our offering includes:

  • 3-statement modeling
  • 13-week cash flow modeling
  • Understanding of adjustments to EBITDA
  • Working capital inputs
  • Credit agreement review for covenants and covenant calculation modeling 
  • Security position analysis, current and forecast 
  • Business plan review
  • Working capital analysis 
  • Evaluation of management competency 
  • Industry analysis 
  • Identification and evaluation of strategic options   

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Two people walking down a hallway

Company Advisory: Revitalize the Business

When a company is facing significant challenges, there is no time to waste. The earlier distress is diagnosed, the easier it will be for a company to turn its business around. Our professionals work with management to assess business viability and financial solvency risk, evaluate options, and develop a strategy to set the best course of action. 

Our offerings include:

  • Liquidity management
  • Operational improvement
  • Turnaround strategy development and execution
  • Debt restructuring

Solutions

Global Value Chain

BDO’s Global Value Chain Solutions help you overcome obstacles, unlock new value for customers and evolve your supply chain in sync with our increasingly connected world.

Turnaround and Restructuring Insights

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Stay current with our latest turnaround and restructuring insights.

Meet our Turnaround & Restructuring Services Leader

  • Professional Headshot of Tom Wang

    Tom Wang

    Principal, Management Consulting, BDO Consulting Group, LLC, Turnaround and Restructuring Services

Turnaround and restructuring services as well as operational value creation services within the United States are offered through BDO Consulting Group, LLC, a separate legal entity and affiliated company of BDO USA, P.C., a Virginia professional corporation. Certain turnaround and restructuring services may not be available to attest clients of BDO USA under the rules and regulations of public accounting. 

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