Preparing and Reviewing Business Plans
Information to stakeholders of an under-performing business
When a company has breached or is expecting to breach its banking covenants, or has a looming liquidity issue, a business review is often requested by stakeholders in order to establish a sound basis on which to negotiate and move forward.
A company business review is a way in which the company can maintain control of the process, whilst at the same time stakeholders receive an independent review on which they can place reliance.
Assessing the value of a business
Our business reviews provide real commercial, operational and financial challenge to management’s business plans and an evaluation of the risks and potential upsides of meeting the forecasts.
Through our multi-level analysis, we establish a realistic set of “post-vulnerability” numbers and options which form a basis upon which stakeholders can assess the future profits and cash flows, and hence the value of the business with confidence.
More than just a Business Review
Business reviews are not just “about the numbers”, but also about the operations of businesses and the markets in which they operate. Hence we regularly work with sector experts from our Strategy, Commercial and Operational teams when performing business reviews.
Options analysis requires our insolvency, valuations, tax, M&A, treasury and pensions experts to identify and develop realistic restructuring solutions. As the variety of lenders has increased and financial restructurings have become more complex we increasingly provide Contingency Planning services to facilitate a successful outcome.
Furthermore, Deloitte’s global reach ensures that we are able to act both domestically and cross-border, utilising the breadth and depth of our global network of member firms.
Benefits to the company:
- The company maintains control of the process and access of advisers to the business
- Review is structured to provide all stakeholders with a common information base which minimises demands on management
- Coherent, concise document focused on key business drivers
- Reference point to baseline and track future performance
Ten lessons from ten years
In 2003 Deloitte established a team specifically to advise companies in financial difficulty across operational turnaround and financial restructuring.
Since that date the team has grown to over 20 dedicated senior professionals and has advised the Company in many of the UK's most high profile restructurings. It has expanded its services and it has grown its geographic footprint by linking into and developing within Deloitte a global network of similar advisers.
To celebrate their ten year anniversary the team developed their 'Ten lessons from ten years' document as a light hearted look back at many of the painful lessons learned.